We distributed our summer survey yesterday, a post-planting survey to gain additional insight into the 2020 crop. This survey follows our spring survey, assessing planting intentions in April.
These survey results will be augmented with Farm Service Agency (FSA) acreage numbers that producers are required report in 2020. The hemp industry lacks data that is boilerplate for other agricultural crops, there is not much available from USDA. States take varying approaches to reporting, but most do not publish data for stakeholders. Our survey data, combined with comprehensive supply and demand balance sheets, are the foundation for our forecasting. The July forecast will be released tomorrow. Our summer production survey is here:
For our…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...