Bean Oil Remains Volatile as Harvest is Delayed

The soybean harvest is in full swing, but rains throughout the mid-west have delayed the result of this year’s harvest, as many mid-west states are well behind the curve. Bean oil prices have been rebounding as the delay has increased speculation that this year’s harvest will product more beans than had been previously expected.  Hedge fund traders added to their long position in futures and options and are poised…