THE OPEN Jan beans: 6 1/4 higher Jan meal; .80 higher Jan soyoil: 15 higher March corn: 1 higher March wheat: 3 1/4 higher The market opened as called with more short-covering activity in the soy complex that set the tone for a buy bean/sell corn spread trade. The catalyst for higher beans was part technical and part trade negotiation chatter, as the narrative flipped back to a more optimistic tone on reports from Bloomberg that a phase one agreement might be expected ahead of the Dec 15 tariff deadline. SOY
The soy complex extended gains present in the night session on short-covering activity related to talk that a deal could still be ahead before the tariff deadline on Dec 15.  ...
