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 Sessions is known for his disdain for cannabis markets, and this has helped to keep outdated views on the crop entrenched at the agency, regardless of the emergence of the legitimate hemp industry.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…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...