THE OPEN July beans: 1 lower July meal:  3.00 higher July soyoil:  99 lower July corn: 7 1/2 higher Dec wheat:  3 3/4 higher The markets owned as expected with beans trending lower on the back of extremely weak vegoil prices.  Soyoil prices go lower on the back of sharply lower palm and canola, and possible biofuel changes.  Buy corn/sell bean and buy meal/sell soyoil spread trade dominates.  China continues to attempt to cool off hot commodity prices, with Premier Li stating they would work to keep grain prices at reasonable levels and work to curb rising prices of ag materials.   SOY

The major feature of the morning was that of a continuation of weaker oilshare and soyoil price action.&nbs...