Bean Oil Prices Could be Set for a Squeeze as Momentum Turns Positive

Bean oil prices rebounded on Friday in the wake of the result of the French elections.  Prices have been underpressure as a robust harvest in South America and aggressive planting intensions in the U.S. have kept the bean complex under pressure. While hedge fund traders added slightly to long positions in futures and options in the latest week, they added substantionally to soybean short…