Bean Oil Prices are Steady Ahead of Tuesdays Crop Report

Ahead of this week’s crop reported which is scheduled to be released by the USDA on Tuesday, price action has remain in a tight range. Unless the 2014 crop is lower than was estimated, large soybean stocks will continue to pressure prices. Analysts surveyed on average expects 88.87 million corn acres and 85.95 million soybeans. USDA’s February estimates were 89 and 83.5, respectively.

Bean oil prices…