Bean Oil Heads Lower as Momentum Turns Negative

Bean oil prices moved lower on Monday, continuing a downtrend that started on the last trading day of 2014.  The soybean complex was under significant pressure in 2014 and soybeans, which were the most expensive grain going into 2014, turned out to be the worst performer in the sector for the year. Farmers planted more beans than corn in 2014 and the crop was excellent which made the price…