Bean Oil Consolidates as Demand Slumps and Volatility Declines

Bean oil prices moved higher during the latter part of February as a Brazilian truckers strike created a short term supply disruption. Soybeans are again flowing from inland farms to coastal ports in Brazil, which has eased pressures and allowed bean oil prices to move lower. 

The resumed Brazilian deliveries come amid a slump in demand for U.S. soybeans. Weekly data from the U.S. Department…