One of the major driving forces in cannabinoid markets is Delta-8 THC (∆8 THC). The ability to convert CBD isolate into cash has enabled operators to work through some of the immense stocks of isolate that have built up over the last two years. This demand has helped to buoy hemp prices, particularly CBD isolate prices, but the real take-home is that it has had a meaningful impact chipping away at supply. The risk for highly capitalized operators is hard to overstate though.
The problem is that extractors do not control a product once it has transacted, and buyers are not transparent about intended use. Many sellers couldn’t care less. It is a black market though, to be sure, and despite ∆8 having not yet been tested in court to our knowledge, it’s safe to assume that prosecution could be successful. The range and number of people isomerizing CBD into THC is…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...