Bean Meal Bounces near Support as Momentum Turns Negative

Bean meal prices moved higher on Tuesday morning bouncing at support levels and poised to push toward resistance.  The USDA’s recent crop report showed that harvest was closer to complete than expected, and dry weather over bean producing areas in the U.S. and Brazil continue to weigh on bean and meal.

After the close on Monday the U.S. Department of Agriculture reported that the soybean harvest…