Bean Meal Slides Lower as Traders Eye USDA Conference

Bean meal prices edged lower on Wednesday as traders eye the USDA conference in Washington, which will set out forecasts from the agency on crop acreage and prices. It has yet to be determined whether farmers continue warming to soybeans or whether corn will pick up more acreage, amid a punishing agricultural economy.  Hedge fund traders added to long position in futures and options increasing the overall net…