Bean Meal Consolidates As Managed Money Increases Long Bets

Bean meal prices moved higher on Tuesday following a dip on Tuesday as prices consolidate following a surge in April.  Brazil’s winter corn crop is being stressed by dry conditions. Prices are being pulled up by strong demand for beans as weather in Brazil shows that there might be a dearth of rain over the next 10-days allowing beans to be stressed in the farm belt.

There is plenty of meal and…