Hedge Funds Dump Short Positions and are Poised to Catch an Uptrend

Bean oil prices started the week on a positive note as a pop in palm oil prices helped buoy the oil seed market. Malaysia’s palm oil exports during the July 1-15 period were estimated to have risen 17.8% from the preceding month according to cargo surveyor Intertek Agri Services. Exports may rise further as China gears up purchases in line with seasonal buying.  Stronger than expected Chinese…