Bean Oil Prices Rebound from Oversold Conditions but Hedge Funds are Betting on a Lower Oil Share

The soybean oil prices are bouncing from their lows, after experiencing a downdraft that accelerated in the later part of last week.  While the soycrush continues to remain elevated, negative soybean oil sentment is escalating.  Hedge fund traders added to short positions in futures and options according to the latest commitment of trader’s report.

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