Soybean oil futures sink on weak domestic sales
The prompt market for vegetable oils was quiet on Thursday May 23, with market participants indicating that the majority...
Author: Alexandra Watts
USDA reports large volume of wet blue sales in week to May 16
Released on Thursday May 23, the United States Department of Agriculture reported 326,149 pieces of wet blue were sold in the week to May 16, jumping by 138% from the week prior. The sales were driven by demand from the footwear sector of the leather market.
Several sources reported the majority of the wet blue sales were at historically low price levels, which encouraged buyers to purchase large volumes. A US packer reported wet blue demand remained t...
