Bean Oil Prices Consolidate Following Surge Late Last Week

Bean oil prices consolidated recent gains on Monday after surging toward resistance on the back of short covering. The most recent trade report helped prices gain traction as it showed that exports for the month of January where at 218 million bushels which were 31 million less than December and 40 million less than 1 year ago.  Friday’s stronger than expected U.S. payroll report also helped lift grains…