Bean Meal Prices Consolidate in Oversold Territory

Favorable weather and hedge fund liquidations has kept the grain complex under pressure, as riskier assets are consolidating in the wake of the failure to reach an agreement on U.S. Healthcare.  One aspect that should help buoy commodities is the recent contraction in the value of the dollar, but this has yet to take garner attention.  With stockpiles in the U.S. near record levels, it will take a weather…