Bean Oil Slides as Hedge Funds Head for the Exits

Soy bean oil prices tumbled on Monday, as traders took profits and the crush moved in favor of soy beans, giving back some of the gains experienced late last week.  The complex has been trading under pressure following last week’s report by the USDA which showed an increase in bean yields for the coming harvest. Hedge funds are clearly off sides adding additional long position to futures and options last week,…