Bean Meal Finds Resistance as Prices Flash Overbought Warning

Bean meal prices have been buoyed by a fresh supply/demand inbalance which showed that ending stocks would be less than expected. When combined with fears that floods in Argentina would vastly reduce exports from the worlds 3^rd largest exporter of bean, the outlook points to higher prices. 

In its latest supply and demand estimate (WASDE) projected soybean ending stocks for 2015-16…