Bean Oil Tumbles through Support as Momentum Turns Negative

Bean oil prices moved lower on Monday, weighed on by a strong dollar which continues to gain traction in the wake of the Trump victory last week.  The U.S. 10 year yields popped above 2.23% the highest levels seen since January of 2016.  The higher yields are driving the dollar higher and commodities prices in dollars are experiencing downward pressure.  Diesel prices have also dropped which…