Tumbling Price Action Pushes Hedge Funds Out of Long Futures Positions

Bean oil prices tumbled last week, slicing through support levels and printing a 6-year low.  Estimates of soybean exports continue to rise. Although USDA projects U.S. soybean exports of 1.77 billion bushels for the 2014/15 marketing year, some think that figure could be even higher.

Hedge fund traders seem to have been off sides judging by the liquidation seen within the futures…