Maturing Hemp Markets
Prior to the 2018 Farm Bill, the hemp industry was entirely fragmented between a handful of states, and hemp prices were very good. Colorado, Oregon, and Kentucky were well positioned after some years of developing hemp markets, but these states picked up big acreage numbers in 2018, primarily from speculative growers that had no marketing contracts in place. This encouraged existing brokers, spawned more, and a feeding frenzy ensued, attracting large schools of sharks eager for a quick meal. As the hemp industry rapidly scaled in 2019, markets were barely coalescing, mainly on the back of those existing broker networks, often with ties to the MJ industry.
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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...