Bean Meals Consolidates as Weather Drives Prices

Bean meal prices continue to trade near the bottom end of a 6-week range, as strong imports have depressed prices.  The weather in Argentina is expected to be dryer than normal over the next 10-days keeping meal prices buoyed above support levels.  Hedge fund traders reduced short position in futures and options according to the latest industry report.

Imports have weighing on bean meal, as prices as…