Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary 

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 

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 directors, a company importing legal hemp-derived CBD from the Czech Republic.  Law enforcement has been hostile to CBD companies in France, making the CJEU ruling a watershed moment for French and EU CBD companies, and bodes well for global hemp prices. 

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…

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04.30.2024

Biofuel feedstock demand rises while capacity declines: EIA

Biofuel feedstock demand rises while capacity declines: EIA

EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...

04.30.2024

Chicago edible tallow trades lower

Chicago edible tallow trades lower

The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.

04.30.2024

April animal protein values mixed month on month

April animal protein values mixed month on month

US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...

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