Bean Oil Edges Higher as Hedge Fund Exit Short Positions

Bean oil futures edged higher on Monday as adverse weather threatened some crops in the Farm Belt.   Weather is now taking center stage in the grain complex, and bean oil will likely take its cues from the movements in beans. Light snow hit parts of the Dakotas and Minnesota, where temperatures could dip into the 20s Tuesday morning. While damage to grain crops is not expected to be significant, the…