THE OPEN Jan beans: 2 1/2 lower Dec meal: .40 lower Dec soyoil: 10 lower Dec corn: 1 3/4 lower Dec wheat: 1/2 lower Prices opened lower but turned mixed on the day as more buy bean and wheat/sell corn trade emerged. Oilshare turned lower as traders took profits on recent strength. Volumes were low, and price action remained two-sided in listless trade. SOY
The soy complex opened on a mixed note, with prices trading either side of even. However, most of the day was spent with traders unwinding previous buy soyoil/sell meal spread trade. Dec crush traded higher to 80c/bu while oilshare set back to 31.13%. Nov and Jan bean prices remained in consolidation...