Agricultural crops have seen declining ratings as the season progresses. Roughly a quarter of the US corn crop in the 18 major corn producing states rates “Fair” today, while 9% rates “Poor” and 5% of the overall crop rates “Very Poor”. This leaves 45% of the crop rating “Good” and the remaining 15% as “Excellent”. This is a good illustration of the variability of crop performance around the country, and hemp is no exception. We do not believe a similar decline in the overall hemp crop will have sufficient impact on supply or hemp prices. Wildfires remain an unknown though.
The Oregon flower crop has seen good weather this year but is one of many areas in the Western US that is experiencing wildfires. There is no way to predict what will happen with so many uncontrolled blazes. The heart of hemp production in Southern Oregon was ravaged…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.