Colleges and universities have an essential role in the development of industrial hemp fiber production, transportation, and processing. Investors face considerable risk, and though there are significant investments being made in processing, the segment is naturally much slower to develop than the nimble cannabinoid segment. CBD production launched en masse, contributing to hemp pricing volatility in 2019. CBD operators had decades of MJ production and processing to draw on, and at its simplest, resin crops can be harvested, processed, and stored by hand. Not so, for fiber production at scale.
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...