Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s hemp Commentary 

Hempseed Harvest

The hempseed crop this year is looking good, with some exceptions, due to pest pressure.  We estimate that 21,138 acres were planted for hempseed this year, primarily consolidated in the Northern Plains. Hemp Grower recently 

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on the grasshopper destruction in Northern Montana.  Producers have fended off the swarms with irrigation, but beyond the reach of the pivot, plants are entirely defoliated.  This will have meaningful impacts for individual producers, and takes the top right off their yield, but overall hempseed production paired with inventories will bolster supplies.  We’ll not likely see much movement with hemp…

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01.21.2025

UCO, tallow prices continue to rise

UCO, tallow prices continue to rise

Technical tallow traded higher on Tuesday January 21, up to 52 cents per lb Chicago, which closed the gap with edible tallow.

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01.21.2025

Central Illinois soybean crush margins hit 8-month low

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In the week to Friday January 17, the soybean crush margin in Central Illinois decreased by 10.4% week on week and by 22.6% year on year, according to the...

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