Bean Oil’s Break Out Faces Headwinds

Bean oil prices moved slightly higher during the trading session Monday, but continue to experience some volatility. Colder and wetter weather is expected to cover most of the mid-west over the next two weeks which helped prices gain some traction.  The USDA’s crop report a week ago showed that beans conditions were worsening which sent prices higher during the latter half of last week.  Hedge fund traders reduced short…