The maturation of hemp markets will take considerable time, and real, meaningful progress – particularly with hemp fiber – will be measured in a 5- or 10-year time horizon, rather than 1 or 2. That said, the markets are evolving at a meteoric pace, but highly fractured, and absent the standards and specifications needed to facilitate transactions. The result is stifled trade and wide ranges for hemp prices.
Hemp biomass does not lend itself to commoditization in current markets. Standards are being shaped by markets, but specifications for hemp biomass are all over the board and getting more complex with minor cannabinoids gaining in popularity. As markets develop, and mass production is required to supply products like beverages, buyers will settle on specifications that are very different from the craft extractor. This is good news for the craft extractor, which…
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...