THE OPEN November beans: 10 1/2 higher December meal: 4.40 higher December soyoil: 14 higher December corn: 6 3/4 higher September wheat: 4 higher The markets opened as expected with further short-covering in grains and technical buying in wheat. Traders returned to a buy meal/sell soyoil trade, pushing soyoil back to the lower end of its trading range. Macros were negative, with crude lower which was the major reason for a weaker soyoil trade. Argentina's grain markets remain closed today and Friday due to a public holiday. SOY
The major feature in the soy complex was that of weaker oilshare as traders continued to sell soyoil on weaker macros. Stocks...