THE OPEN May beans:  8 1/2 lower May meal:  3.90 lower May soyoil:  3 higher May corn: 2 higher May wheat:  3 3/4 lower The markets opened with more technical selling in the soy complex and wheat.  Corn spreads remained firm while bean spreads leaked lower.  Oilshare corrected as funds booked profits, spurred on by weaker crude oil prices, and lower canola prices.   SOY

The main feature in the soy complex was that of correcting oilshare, particularly after soyoil futures put in a rally that found fund selling.  May oilshare trades to 39.59% while crush trades lower to 74c/bu.  Spreads leaked lower as the lack of export activity and much lower Brazilian premiums finds funds on the s...