THE OPEN May beans:  7 lower May meal:  2.30 lower May soyoil: 67 lower May corn:  3 1/4 lower May wheat:  6 1/2 lower The markets opened as called with grains breaking down led by wheat.  Soyoil held on to morning lows which allowed beans to firm, while meal also held.  Nearby corn spreads firmed once again to new highs on more China business.  Into the end of the session early strength faded which resulted in fund profit-taking/liquidation. SOY

The soy complex traded lower with beans consolidating while soyoil futures firmed back from the start of the trading session.  July crush trades to 60c/bu while oilshare trades down to 39.35% on a correction.  July /Nov bean inverse bounces fro...