Biodiesel Bulletin

Biodiesel Bulletin

 

Bean Oil Poised to Test Support as Hedge Fund Sentiment Turns Negative

The combination of robust soybean stocks and a stronger US dollar continue to keep pressure on bean oil prices.  Hedge fund traders significantly switched futures position in bean oil according to the latest commitment of traders report.  With the Fed meeting this week, the dollar is likely to remain stable ahead of their impending decision on interest rates.

The U.S. Department…

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