Bean Meal Consolidates, but Hedge Funds are Offside

Despite a huge short squeeze in soybeans, meal prices have remained subdued, hovering near the bottom end of its 3-week range.  Volatility remains prevalent, and changes in the global capital markets continue to generate headwinds for bean meal, as many commodities are now trading in tandem.  The rapid decline in oil prices, has weighed on inputs into the bio-diesel process which…