Regional Industry Development

Regional Industry Development

The majority of 2019 hemp producers are continuing on in some capacity in 2020.  Minnesota polled their growers during the annual reporting process and 85% said they intended to grow hemp in 2020.  Minnesota producers have the same problem that many US farmers do, an excess of stored biomass and seemingly no markets.  Minnesota’s hempseed grain production is a part of this number, which is different in states where producers were burned en masse on biomass contracts, with no other markets for hemp.

 

Agricultural crops can be very regional, for the obvious reasons of climate and soils, but also based on the presence of companies that convert harvested crops into cash.  Businesses may establish themselves in a location for a variety of reasons, but these companies that are successfully moving product in agriculture create an entire market ecosystem in their production areas. Canopy…

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11.18.2024

EIA reduces US biomass-based diesel consumption forecast for 2024, 2025

EIA reduces US biomass-based diesel consumption forecast for 2024, 2025

The US Energy Information Administration’s (EIA) monthly Short-Term Energy Outlook (STEO) released on Wednesday November 13, reduced its 2024 and 2025 forecasts for the consumption biomass-based diesel (BBD). The...

11.18.2024

UCO prices rise to start week; December cattle slaughter expected to decline

UCO prices rise to start week; December cattle slaughter expected to decline

Used cooking oil (UCO) prices edged higher in the US Gulf Coast on Monday November 18, amid an otherwise quiet start to the week...

11.18.2024

Missouri River, Texas Panhandle ruminant bloodmeal prices higher on active demand

Missouri River, Texas Panhandle ruminant bloodmeal prices higher on active demand

US animal proteins were steady to higher on Monday November 18.

Bloodmeal demand was indicated as active by market sources, although some buyer hesitancy was reported. Ruminant bloodmeal...

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