Bean Meal Consolidates but Supply Shortage Could Buoy Prices

Bean meal prices are forming a bull flag pattern after rallying during most of April as the potential for supply disruptions in beans, continue to generate tale winds for meal prices.  Rains in Argentina the world’s third largest shipper of soy beans, have been buoying bean meal prices, which comes on the back of the USDA’s estimate of a smaller than expected number of bean acres that will be…