THE OPEN July beans:  21 higher July meal:  4.90 higher July soyoil:  180 pts higher July corn:  6 higher July wheat:  7 3/4 higher Prices opened and quickly escalated to the upside. Beans and soyoil quickly post new contract highs. Funds were buying out of the gate on solid technical closes, firm cash, extreme cold temperatures, and technical strength.  New contract highs were quickly placed in beans, corn, and soyoil, and it felt like there was some panic buying as prices reached new levels of resistance.  SOY

The soy complex traded higher on the day with prices jumping quickly to new contract highs.  July beans traded up to new contract highs at $14.71 1/2, with November trading over the...