We are likely to see a number of hemp companies invoke force majeure clauses in contracts as a result of the COVID-19 pandemic. A successful force majeure case eliminates liability for companies that are unable to meet contract terms as a result of natural disaster, war, terrorism, strikes, and ostensibly, pandemics. Energy companies like Valero are looking to reduce their exposure in markets with far more ethanol in storage than is typical, and…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...