Bean oil prices Rebound as Momentum Turn Positive

Bean oil prices rebounded from their lows on Monday, and continue to try to recapture some of the losses experienced over the past two weeks.  Prices were pummeled last Monday, following a large drop in equity prices, but were able to rebound during the balance of the week, heading toward resistance levels near the 20-day moving average at 28.44. Hedge fund traders reduced short position in futures and options…