Bean Oil Edges Higher as Hedge Funds Shift Positions 

Bean oil prices moved lower on Tuesday following a long holiday weekend.  Prices remain in the lower end of a consolidative range as headwinds generated by robust bean crops continue to weigh on bean oil prices.

Some states recently reported record yields for harvest. Ohio produced 245 million bushels of soybeans in 2014 and yielded 52.5 bushels per acre, which were both records. Ohio farmers…