Bean Oil Slides as Hedge Funds Begin to Shutter

Bean oil futures edged lower on Monday in tandem with soybean futures on concerns that investors who are holding extremely large net-long positions will eventually sell off contracts and liquidate these positions.  Friday’s COT report showed hedge funds were long soy beans and potential could liquidate on a technical selloff.

Money managers last week held the biggest net-long position in 23 months,…