Bean Meal Breaks Out on Strong Momentum as the Declining Dollar Buoys Grains

Bean meal prices surged higher by more than 2% early Tuesday climbing for the 3^rd straight trading session, following a report from the USDA last Thursday and a declining dollar.  Hedge fund traders added to long position in futures and options while reducing some of their short positions.  Technically, bean meal strength looks robust and momentum is pointing to higher…