Biodiesel Bulletin

Biodiesel Bulletin

 

Bean Oil Prices Rise Following COT Report

Bean oil prices moved higher on Monday, as hedge funds that are short futures and options began to take profits.  While inventories in the United States remain robust, and the fundamental outlook remains bearish. Hedge funds appear to be offsides, and prices have reached support levels that could easily see prices rebound sharply.

Over the past few weeks, hedge fund traders have been reducing long position in…

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