Bean Oil Prices Poised to Break Higher

Bean oil prices moved higher on Monday slicing through trend line resistance, following Friday’s weaker than expected US employment report.  Hedge fund traders seemed to have shifted their positives to the short side according to the latest industry report.

The small 126k rise in U.S. March nonfarm payrolls disappointed, but didn’t really shock, as a number of factors had been pointing to downside risks, including…