THE OPEN May beans:  2 higher May meal:  steady May soyoil:  48 higher May corn:  3 1/2 lower May wheat:  7 lower The soy complex opened as called with prices placing new contract highs in soyoil with an upside break-out in the bean market out of recent congestive trade.  Opening highlights included new contract highs in soyoil and further strength in oil share.   Grains were reluctant followers, with recent new shorts in corn and wheat covering on soy complex strength.   SOY

The soy complex put in an opening rally from the start of the trading session, with May beans exiting out of a period of consolidation (triangle formation), to the upside on further technical buying led by soy...