Bean Meal Breaks Out as Shorts Begin to Cover

Bean meal prices moved higher on Tuesday in the wake of a rally in bean oil on Monday. Hedge fund traders were caught off sides coming into the week after Thanksgiving.  There are still plenty of headwinds for bean meal as supplies from Argentina could surge when the new administration takes office on December 10, 2015.

Hedge fund traders appear to be experiencing a short squeeze as they added to short position in futures…