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,…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...