Bean Meal Rallies as Traders Cover Ahead of Crop Report

Bean meal prices moved higher as traders await the monthly crop report. The complex was driven by a surge in bean oil prices over renewed concerns over world vegetable oil supplies.  Despite a robust yield, traders appear to be covering positions ahead of the USDA report scheduled for Wednesday.  Though the government is expected to forecast a bigger US soybean crop markets are attempting to price in a slight chance…