Optimism
There is much to be optimistic about in hemp markets and hemp prices in 2021, and throughout the ‘Roaring Twenties’ to come. A new administration has sown hope among those active in the cannabis space, including hemp and MJ. The arbitrary line that separates the two is blurring, as society reaches an inflection point with regards to cannabis acceptance. This process will accelerate over the coming years, driven by medical and adult use. The many other cannabinoids will tag along, as consumers embrace a wide spectrum of cannabinoids for therapeutic uses.
2021 will see more consolidation than we’ve seen in 2020. PPP funding provided a lifeline for some operators and helped others to continue to improve efficiencies and broaden product offerings. Those that do not have the…
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...