THE OPEN March beans: 12 higher March meal: .30 lower March soyoil; 63 higher March corn: 13 higher March wheat: 8 1/2 higher The markets opened as called with corn/bean spread trade still a fan-favorite. End-of-month position-squaring may have kept corn from putting in further opening gains, but prices remained well supported on pullbacks. Bean inverses found pressure as well, but corn spreads continued to hold up. Soyoil futures broke lower as beans once again put in a fairly choppy and weak performance. SOY
The soy complex opened as called but beans once again turned lower from higher, with March triggering sell-stops with trade back below key support at $13.45. The bean market co...
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