Grain & Feed Ingredients

Grain & Feed Ingredients

 

Bean Meal Breaks Through Support as Momentum Turns Negative

Bean meal futures broke through trend line support and are poised to move lower as a stronger US dollar and forecasts for high ending bean stocks continue to generate headwinds for meal prices.  Global economic data continues to force deflation which is eroding the value of many commodities.

Inventory levels of beans are likely to remain high according to the most…

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