Cash Basis on Prompt Soybean Oil Slips Lower
At the cash market, soybean oil indications stepped lower this week in very dull activity. U.S. Gulf Coast crude-degummed soybean...
Midweek trading was limited while hide buyers and sellers negotiated prices. Material that was traded was down from yesterday's levels by $0.50-1.50 on steer hides and branded cow hides.
Chinese tanners were actively bidding roughly $1-2 lower from last reported levels. The material that held the...