The lion’s share of the 2019 biomass crop is still in storage, and though we do not know how much that is, we know it is well north of 10 million lbs, and likely many more times that. We’ve discussed the relevance of this in previous commentary, noting that connection to markets is paramount. There is a lot of material that is not and will not likely be connected to markets, making it inconsequential in terms of supply and overall hemp pricing trends. As an aggregate, these pounds certainly don’t help hemp pricing though. Buyers looking for deals on 2019 material are able to be selective, but variability in form-factor, location, and lot size will preclude many millions of pounds from transacting.
Quality issues are the other aspect of any supply-side discussion. In conversation with Hemp Bulletin reader Bert James today, he notes significant declines in biomass quality,…
01.28.2025
US animal fats and oils Gulf markets show continued price strength amid tight conditions
The US animal fats and oils markets were stable to higher on Tuesday January 28, supported by ongoing discussions of strong demand.
The Gulf Coast region has experienced...
01.28.2025
US weekly corn, soybean export inspections decline; wheat up 85%
Export inspections of US grains showed a decline for corn and soybeans, while wheat increased in the week to January 23, according to data from the USDA released on...
01.28.2025
Quiet hide market as cattle prices hit record highs
The hide market had minimal activity on Tuesday January 28, as Chinese tanners continued their Lunar New Year celebrations and global customers remained quiet, according to several hide sellers....