Bean Meal Edges Higher Driven by Surge in Bean Oil Prices

Bean meal prices continue to grind higher following a decline that saw prices fall 27% since hitting a higher last June.  The specter of a robust yield in soybeans, has pressure meal which continues to drive demand in the United States. Hedge fund traders continue to add to both long and short positions in futures and options per the latest industry report.  Bean Oil prices have broken out, which is generating tail…