Bean Oil Breaks Out and Poised to Move Higher

Bean oil prices moved higher for a 4^th straight trading session, as a combination of risk aversion abating and a backlog of soybean export loadings at Brazilian ports helped buoy prices. In Brazil, the current line-up of ships to load soy has grown to twice the level seen a year ago as excessive rains delayed loading.  The surge in oil prices following an agreement by major oil producers has also helped…