THE OPEN May beans: 4 higher Ma meal: 2.20 lower May soyoil: 31 lower May corn: 1/2 lower May wheat: 4 lower The markets opened as called with wheat prices lower weighing on corn, and beans steady to better. Soyoil futures turned higher following a firmer crude oil trade. Buy bean/sell wheat spread trade was active, along with a return to buying soyoil/selling meal. SOY
The soy complex traded higher on the day, with product and beans tame at the start of the session. July oilshare traded to 40.50% on a firmer note, with crush at 60c/bu. May bean prices firm from the open, continuing to congest from $14.00-$14.45. However, into the midday hour soyoil pric...
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