The markets opened with wheat and corn turning higher on the day as more unrest in the Ukraine continues to make it difficult to establish a short position, particularly for wheat futures. Buy grains / sell soy (based off more talk of China releasing bean reserves) dominated trade in a very light volume day. Turnover was light - and centered mostly around wheat and corn.
May beans and meal traded both sides of unchanged, with soyoil futures down 26 at midday tagging along with weaker beans, canola (down 5.60-6.00), and palm oil values. But probably the feature of the day was the July / Nov bean inverse.
The weather this week will continue to be cooler and wetter, though stories of large plantings this past week could result in a jump in planting progress next Monday