Bean Meal Slides as Hedge Funds Exit the Market

Bean meal prices opened lower on Tuesday as the risk off trade took its toll on the commodity complex.  Bean meal pushed through trend line support and is poised to test the 315 level.  Prices were under pressure on Tuesday, snapping three sessions of gains, following a better-than-expected rating for U.S. crops.

Meal prices were also curbed by a U.S. Department of Agriculture crop progress report,…