Bean Meal Consolidates Monday’s Robust Gains

Bean meal prices consolidated Monday’s gains Tuesday, as prices attempt to form a bottom.  Riskier assets have benefited from the relief rally that ensured following the results of the French Presidential Election over the weekend.  The dollar edged lower on Monday allowing bean meal prices to move higher, as yields on Euro continued to outpace U.S. fixed income products.

Commodity traders are leery…