THE OPEN July beans: 1 1/4 lower July meal: .10 lower July soyoil: 7 higher July corn: 1 3/4 lower July wheat: 5 1/2 lower The markets owned as expected but wheat futures tumbled, applying pressure elsewhere on the board. Outside markets were mixed as Federal Reserve Chairman Jerome Powell warned of a prolonged threat resulting from Coronavirus, making clear that a recession could last longer than expected making it hard for the economy to bounce back. Stocks and crude oil prices took a turn lower on the back of those comments, providing a "risk-off" day of trade across the board. SOY
Despite another announcement of beans sold to China the complex traded lower after the o...