Bean Oil Continues to Slide as the Dollar Gains Traction

Bean oil prices moved lower on Monday in early trade, after falling through support levels on Friday. A stronger dollar, and forecast of higher soybean yields put downward pressure on the soy complex. Hedge fund continued to remain long futures and options, and have set the market up for a short term long liquidation.

A stronger dollar continues to pertetuate weighing on commodity prices.  Since…