Bean Oil Hovers Above Support as Dollar Moves Lower

Bean oil prices edged higher on Monday bouncing near support at an upward sloping trend line at 35 cents per pound.  A weaker dollar helped commodity prices remained buoyed as the scream of protectionism from President Trump was loud and clear. Hedge fund traders added to long position in futures and options according to the latest industry report.  Bean prices were buoyed last week as the USDA provided…