Bean Oil Whipsaws Following Crop Tour

Bean oil prices whipsawed on Monday initially attempting to move higher, but failed to take out resistance levels. The farm tour ended this weekend, and the results appear to show that soybean yields will be lower than the yields announced by the U.S. Department of Agriculture for their August report. The farm tour goes to nearly every state that is a major producer of both corn and soybeans, to analyze the current crop…