Agency Appointments May Be Fertile Ground for CBD
The hemp industry, along with nearly every other sector in the global economy, eagerly awaits a settled presidential race. All eyes in hemp are on the assumed victors, Biden and Harris, and speculation is rampant as to what this means for cannabis. From a policy perspective, the two campaigned on a decriminalization platform, which wouldn’t necessarily translate into progress for hemp stakeholders, or help to buoy hemp prices. The appointment of a new cabinet and agency heads, however, is fertile ground for regulatory changes in hemp.
The FDA has avoided politics, or at least has tried to, and has carefully projected an image of impartial, science-based policy making. The agency is the sole arbiter balancing the needs of industry and markets, and consumer…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...