All eyes are on the upcoming transition to a Biden/Harris administration. This is certainly the case with the emerging hemp sector, after slogging through significant headwinds in 2020. The pan-cannabis sector has plenty to be excited about with inevitable policy changes on the horizon.
The Department of Justice – overseen by the Attorney General – is a pivotal role as the US navigates cannabis policy reform. As noted in yesterday’s commentary, the predominant agency culture of DOJ was established at the outset of Jeff Sessions tenure. Sessions is known for his disdain for cannabis markets, and this has helped to keep outdated views on the crop entrenched at the agency, regardless of the emergence of the legitimate hemp industry. The DOJ is amidst a crisis after the President attacked prosecutors, the FBI, and judges, while also eroding confidence in DOJ…
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...