Hot Hemp
Hemp seed breeders have an extended buffer for product development, with the delayed implementation of the USDA’s IFR. A couple of years isn’t a long time in seed variety development, and the stricter THC rules in the IFR are much harder to consistently adhere to. Long term this could impact hemp supply and hemp prices, but no major price movements are expected in the near-term.
Crops are testing hot this year, and seemingly at a higher level than last year, anecdotally, but there is no reporting on hot crops available in real time. Our sources spread around the US report some incidents of non-compliant crops, but testing remains a big mystery. One Michigan producer’s crop tested at .6%, twice the allowed limit. A follow up test at the same lab returned a THC level…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...