Bean Oil Stablizes as Positive Momentum Begins to Accelerate

The crush has remained stable in August after tumbling nearly 14% in July month over month. The oil share has traded sideways and increased in value relative to both bean meal and soybeans in August.  This comes as soybean oil stocks eased following months of larger than expected stockpiles. Hedge fund traders continue to add to short positions in futures and options, which appears to be offset by…