Bean Meal Stabilizes but Headwinds Persist

Bean meal prices consolidated on Tuesday buoyed by a weaker dollar, after dropping sharply on Monday. Dry weather has recently boosted optimism over the health of Argentina’s soybean crop, which has put pressure on prices following the giant yields seen in the United States. Forecasters are calling for rains to return this week, giving traders pause, which has stabilized prices.  Hedge fund traders were caught off guard…