THE OPEN Nov beans: 2 higher Dec meal: 2.90 lower Dec soyoil: 70 higher Dec corn: 1/2 lower Dec wheat: 5 higher The markets opened as called but trade was thin and choppy with beans following meal prices lower and wheat seeing further gains. Buy wheat/sell corn and buy soyoil/sell meal spread trade continued. SOY
The soy complex was mixed with the major feature being stronger oilshare and soyoil values vs. weaker meal prices. August crush trades to 90c/bu while oilshare firms to 47.87%. September and November beans do some back and fill activity at the open after the healthy rallies from $13.00 this week. August beans trades to $14.61 as spreads remain firm.&n...