California Shelves CBD Policy
News that California’s CBD legislation did not move forward is unfortunate for the segment. California would have joined a handful of states that include Virginia, Florida, and Colorado that have explicitly allowed for CBD in dietary supplements, as well as food and beverage. Attempts at legislation were deferred last fall and renewed recently with an amendment that would both allow CBD to be incorporated into the above products, and also regulate the industry there. Currently a full range of CBD products are widely sold in the state, without any oversight or safety testing like one sees in Florida.
Other cannabis policy advanced in their legislative session, providing tax relief and certainty to that industry. California has realized over $1 billion in taxes assessed on MJ since their…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...