Biodiesel Bulletin

Biodiesel Bulletin

 

Bean Oil Moves Lower as Momentum Turns Negative

Bean oil prices are nearly unchanged on Monday after declining at in the middle of last week after the USDA announced that yields on beans would be largest than expected. Prices tumbled precipitously, pushing through trend line resistance.  Prior to the decline it appears that managed money added to long position in futures and options.

Soybean oil prices formed a weekly outside day which is a bearish…

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