Production Costs
Production costs for cannabinoid hemp farmers is a moving target. The majority of producers do not yet know what a typical year’s operational costs look like; no real surprise given that many of the states have zero to one year of hemp production under their belts. Production methods are all over the board too. Operations are in startup mode, frequently encountering surprise costs in the 2019 season. Harvest logjams increased the cost to get hemp out of the field, dried, and into storage in areas like Southern Oregon, but other surprise costs associated with setting up drying space, or labor to rogue males – for whomever was lucky enough to have someone competent to ID males consistently – were shared by producers in all areas.
This applies also to the extraction segment, so many of which are brand new businesses….
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...