Bean Oil Starts the Year Higher, as Traders Eye the Dollar

Bean oil prices rebounded and continue to be buoyed by weakness in the U.S. dollar which makes soybean oil more attractive to buyers outside the United States.  If the softness continues, commodity prices in general will get a boost, and despite robust supplies, the weakness in the greenback could lift all boats. Oil share is trading in the lower end of the 1-year range but, hovering near the 50-week…