SBO Futures Open Week with Slight Loss
Soybean oil futures in Chicago ended slightly lower on Monday following a quiet weekly opener. Prices traded in narrow...
Blog
Active Wet Blue Trading Over Weekend
The US hide market started the week slowly after a moderate amount of business over the weekend. Reported by a few tanners in China, wet blue sellers had sold good volume of material at discount price levels last week. Buyers believe packers’ inventory were building up and they needed to move material to make room for incoming cured hides.
The overall global economy remains weak due to the war in Ukraine, high interest rates, inflation and limited consumer spending. Hide sellers are concerned...
