Last Week’s Hemp Commentary
Florida Leads Way in CBD Safety Testing
The Jacobsen reported on Florida’s unique approach to regulating CBD in a previous Hemp Bulletin. Florida is one of a small handful of states that has enacted legislation to regulate CBD, overseen by the Florida Department of Agriculture and Consumer Services (FDACS). In the April 22 Hemp Bulletin, we noted that “The safety issues germane to CBD are a dark cloud hovering over the fledgling markets.” With so little oversight, or random, independent analysis, the risk for contaminants in hemp extracts is high.
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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...