Vegetable Fats & Oils

Vegetable Fats & Oils

 

The Dollar Drives Bean Oil Price Action

It appears that following downdraft in prices during the first half of March, bean oil prices have found a bottom and are attempting to gain traction.  This phenomenon is across most commodity complexes, as even oil prices despite its high inventories are holding ground.

The catalyst now seems to be the recent weakness in the US dollar.  Dollar strength dominated the commodity landscape prior to last…

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