Hedge Funds Add to Short Positions Driving Bean Meal Lower

Bean meal prices edged higher on Tuesday following a stronger than expected U.S. CPI release which showed that inflation had rebounded.  Hedge fund traders have lined up on the short side, which could lead to a quick squeeze in prices.  The technicals show that bean meal prices where oversold at the beginning of the week, and could foreshadow a correction.

U.S. CPI rebounded up 0.2% in…