Bean Oil Prices Tumble as Hedge Funds Are Caught Off Sides

Bean oil prices tumbled on Monday as traders continued to liquidate despite relatively stable soy bean prices.  Trader’s began to exit positions last week on Thursday as prices broke through support levels near 33.50, and are now sliding as many are heading for the exits.

The issue appears to be the number of hedge funds who are long bean oil futures.  According to the most recent commitment…