Bean Oil Prices Move Higher as Riskier Assets Gain Traction

Soybean oil prices moved higher in the run-up to Election Day and the USDA’s monthly crop supply/demand report which is scheduled to be released on Wednesday. There’s expected to be a very large US soybean harvest, but export demand has been strong this season helping to keep prices buoyed. Hedge fund traders substantially added to long position in futures and options per the latest commitment of trader’s…