EU Ruling on CBD is Market Driven
Week before last, the Court of Justice of the European Union (CJEU) ruled that a wholesale banning of CBD produced by other member states was unwarranted, and unnecessarily impeded markets. The CJEU ruling is a response to French prosecution of
Unconstrained markets are a core value of the EU, and this recent court decision affirms that hemp derived CBD is lawful, and not classified as a narcotic. The court…
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...