Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary

 

Momentum Building on Key Policy Issues

 Hemp prices are dictated by a demand picture that is largely dictated by policy. Following the submission of the FDA’s proposed CBD policy to the White House OMB, “Cannabidiol Enforcement Policy; Draft Guidance for Industry; Availability”, a number of key stakeholders have participated in CBD focused talks at the White House. Cannabis Wire recently reported that the following meetings have occurred: On July 30, the US Hemp Roundtable; on July 31, the National Industrial Hemp Council; on August 3, Washington-based Ziese Farms.

 Cannabis Wire further reports that the following meetings were also scheduled – most of which have already happened:

 “attorney Jessica…

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02.24.2025

CVR Energy postpones SAF, additional RD capacity plans

CVR Energy postpones SAF, additional RD capacity plans

CVR Energy is running its one RD plant at 5,000 barrels per day, or 76 million gallons per year, for now, until the company sees final rules on the...

02.24.2025

US markets start week quiet; cattle slaughter forecast up slightly

US markets start week quiet; cattle slaughter forecast up slightly

The US animal fats and oils markets opened the week on a quiet note on Monday February 24, with limited trading observed throughout the day.

Meanwhile, the European...

02.24.2025

Central Illinois soybean meal prices edge up from recent low

Central Illinois soybean meal prices edge up from recent low

In the week to Friday February 21, the soybean crush margin in Central Illinois increased by 3% week on week and by 10% year on year, according to the...

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