THE OPEN May beans: 8 1/2 lower May meal: 2.70 lower May soyoil: 13 lower May corn: 4 lower May wheat: 6 lower Prices opened lower today following the weaker outside markets. The markets continue to grapple with ideas of demand, and export sales were not positive for today's prices. Oilshare values worked lower with continued short-covering in meal, with soyoil charts working to new lows after the open on weaker energies. Buy beans/sell corn and buy meal/sell soyoil were major trends for the day. SOY
The major feature in the soy complex was that of weaker oilshare as traders covered in some of their meal shorts while liquidating what is left of soyoil length. ...
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