THE OPEN  July beans:  1 3/4 higher July meal:  1.10 higher July soyoil;  2 higher July corn:  2 higher July wheat:  1 lower The markets opened as called with more profit-taking in recent buy bean/sell corn trade.  Funds are huge shorts in the corn market, and short-covering was not unexpected.  Gains were posted in oilshare as beans/meal slid lower after the open.  Lack of demand for beans and meat packing shut - downs created a need for price action to accommodate the loss of demand. SOY

Bean and meal prices were mixed on the day, starting higher but turning lower after the open on new fund selling.   Rumors abound that China has purchased Brazilian beans into the summer, m...