Bean oil prices Break Through Support as Hedge Funds Add to Short Positions

Bean oil price slid below support levels, and has formed a large topping pattern, as robust levels of soy bean supply weigh on vegetable oil prices. Hedge fund traders added to short position in futures and options according to the latest government report.  The technicals are pointing to lower prices for bean oil, after dropping to 2017 lows.  A softer than expected jobs report…