Hedge Funds Continue to Bet on Lower Bean Oil Prices

Soybean oil prices moved lower to begin the week and continue to trade under pressure. Soaring inventory levels and robust crush activity continue to pressure bean oil prices. Hedge fund traders continue to add to short positions in futures and options according to the latest industry report. The tariffs levied by China on U.S. soybeans in retaliation to the tariffs imposed by the United States are generating…