Bean Meal Corrects as Rally Takes a Breather

Bean meal prices took a breather on Tuesday following a reversal on Monday which saw prices hit a fresh 18-month high.  Prices have soared 47% since April, fueled by weather damage to beans that are grown in Argentina. Renewed strength in the dollar, which has been driven by speculation that the Federal Reserve will increase interest rates when they meet in June, has eroded the value of commodities. Additionally,…