Bean Meal Rebounds Following In-Line Progress Report

Bean meal prices rebounded on Tuesday following Monday’s USDA report on harvest conditions.  Going into the report, hedge funds were squaring up positions in bean meal and soybean futures and options according to the latest commitment of trader’s report. The crush has remained rangebound declining over the past week, and continues to trade in a tight range that has perpetuated for most of 2017. While wet…