Bean Oil Consolidate as Hedge Funds Add to Short Positions

Bean oil prices edged higher on Monday but appeared to be capped after a robust downtrend following a drop-in price of more than 6% since the beginning of December. The focus will turn to planting intentions but with global stocks at highs and huge harvests elsewhere in the world, traders haven’t appeared willing to build in a risk premium. Hedge fund traders significantly added to short positions in futures…