Growing plans for 2020 are very fluid. We have heard from a number of operators their intention to scale back or forgo cultivation this year. Seed suppliers, who generally seem loathe to share information, are no doubt seeing significantly lower sales volume this year. Quality seed is reportedly moving at pennies on the dollar in some channels. As with all things hemp, there is a lot of diversity in this segment.
As we scrutinize supply for biomass, there are a number of factors at play, not the least of which is coronavirus. The disruption has been a precipitating factor in all corners of the hemp universe, but 2020 cultivation plans are particularly influenced by the current situation.
Buyers have an ideal opportunity in the market with the vast quantities of biomass in storage, but quality and…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...