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…
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...