Hedge Funds Remain Short Bean Meal Futures which is Weighing on Prices

Bean meal prices are consolidating after taking another leg lower, and hedge funds remains short, which is weighing on prices.  A fundamental shift will need to occur, for a short-squeeze to ensure.  The soybean complex remains under bearish pressure as forecasts for higher soybean supplies for 2016-2017 will be released this week on the USDA Acreage report.

While hedge funds…