Bean Oil Tests Support Following Deluge of Hedge Fund Selling

Bean oil prices tumbled through support, following a report from the CFTC that showed a substantial number of hedge fund traders added to short position in futures and options, ahead of the culmination of the rejection of the ACA in the House of Representatives. But that pessimism may be giving traders an incentive to buy ahead of the USDA’s stocks and planting intentions figures which will be released…