Bean Oil Prices Accelerate Lower

Bean oil prices are trading under pressure, following a report that showed that Brazilian soybean farmers finished 24.8% of their harvest work for the 2016-2017 which was ahead of the 24% finished on the same date last year and ahead of the 17.1% average for the past five years.  The weather continues to cooperate, which is placing downward pressure on beans which is spilling over into bean oil. Hedge fund traders added to long…