Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary

Biomass Pricing Declines

 

We reported about the USDA funding through the Coronavirus Food Assistance Program (CFAP) recently in the Hemp Bulletin.  This is the guidance USDA has offered on eligibility:

“Commodities that did not suffer a five percent-or-greater price decline from mid-January 2020 to mid-April 2020 are not eligible for CFAP. Specifically, this includes sheep more than two years old, eggs/layers, soft red winter wheat, hard red winter wheat, white wheat, rice, flax, rye, peanuts, feed barley, Extra Long Staple (ELS) cotton, alfalfa, forage crops, hemp, and tobacco. USDA may reconsider the excluded commodities if credible evidence is provided that supports a five percent price decline.&rdq…

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11.15.2024

October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks

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

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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

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...

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