THE OPEN Nov beans:  3 higher Dec meal:    1.20 higher Dec soyoil:   7 higher Dec corn:     4 higher Dec wheat:   5 1/2 higher Prices opened higher as expected in what was a somewhat muted and cautious tone considering the solid day of trade yesterday, and positive China trade announcements this morning regarding beans and pork.  Major features in the soy complex included buy meal/sell soyoil trade with correcting oilshare values and buy bean/sell corn trade.  Volumes remained impressive as shorts elected to use setbacks to continue a short-covering phase post data and Chinese announcements. SOY

The soy complex opened quietly and remained well bid for most of the morning...