Organic Soybeans Show Signs of Underlying Price Stability
The chart of organic soybeans (Midwest) shows that...
The US hide market began the week with a quiet tone due to limited business over the weekend. Buyers from the shoe, upholstery and automotive sector are showing demand, but at prices several dollars lower than the last traded levels.
Packers will release offers tomorrow night so more trading activity is expected later in the week.
The market continues to watch the actions taken by the United Auto Workers (UAW) and automakers. An agreement still hasn’t been met and President Biden is planning...