THE OPEN:
July beans: 7 higher July meal: 1.20 higher July soyoil: 35 higher July corn: 2 3/4 higher July wheat: 1/2 higher
Prices opened as expected with more traders cleaning up position in front of what is going to be a very chilly weekend. Cold weather extremes will likely keep markets well bid. The commitment-of-trader's report will be released which will likely show traders playing it close to even on beans, slightly short productions, slightly long wheat, and net short corn to the tune of 200K. Beans remained the most impacted by recent news, as prices climbed to new highs for the rally off recent lows. It was reported that US and Chinese high-level reps spoke by phone and vowed to continue to support the trad...
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