Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary 

Election Day

The US is voting today, and the electorate will choose the next President, as well as congressional seats in some 34 states.  For many years, polling was a reliable barometer of the election, and analysts were able to predict outcomes on election nights, before the West Coast went to sleep, and sometimes, the East Coast.  Then Bush v. Gore happened, when SCOTUS settled a contentious recount in Florida, in favor of George W. Bush.  In the middle of December.  Hemp prices, or hemp markets, are unlikely to experience added volatility, regardless of the outcomes.

In 2016, we witnessed even more drama, as underdog Trump defied polling to become the 45th POTUS.  Since then, we’ve learned just how sophisticated modern campaigns can be.  Social media amplifies candidate’s…

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04.26.2024

P66 Rodeo to begin producing SAF in Q3

P66 Rodeo to begin producing SAF in Q3

Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...

04.26.2024

Slower Gulf demand weighs on animal fats market

Slower Gulf demand weighs on animal fats market

Limited volumes of choice white grease traded at steady prices on Friday April 26, while trading was very quiet outside of the choice white grease market.

Price direction in...

04.26.2024

Porcine bloodmeal FOB Missouri River price drops week on week

Porcine bloodmeal FOB Missouri River price drops week on week

Limited trade was reported on Friday April 26 for US animal proteins, while prices widened downward.

Fastmarkets assessed bloodmeal, porcine, fob Iowa/Missouri/Nebraska at $1,025-1,150 per short ton on...

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