The Crush Boosts Bean oil, Momentum Gains Traction

The Soybean crush (which is the spread between beans and products including meal and oil), soared to 2-year highs as soybean prices dropped, buffeted by forecasts for temperate weather in the U.S. Farm Belt.  Later on Monday the weekly crop report will likely show farmers had sown 70% to 75% of the nation’s soybean crop as of Sunday.   Hedge fund traders added to both long and short position but the…