Bean Oil Moves Higher Driven by Oil and a Weaker Dollar

Bean oil prices appear to be forming a bottom, and hedge fund traders are reducing short position ahead of a potential move higher.  Crude oil prices are also surging higher, which is providing a bid across the commodity complex.  The dollar continues to weaken, and softer than expected data, in the United States, shows that positive sentiment has not yet spilled over into hard economic information.

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