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,…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...