Bean oil Tests Break Out as China Cuts Rates

Bean oil prices were buoyed last week and continue to move higher on Monday.  Prices moved higher as trucks destined to haul Brazil’s soybean crop remained idle last week, as haulers continued to strike against high government diesel prices. Trucks move approximately 60% of Brazil’s soybean crop, which is coming on strong.

Diesel prices were also higher last week, not only because of the squeeze the Brazilian…