CBD Isolate Gets a Boost from ∆8 THC
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…
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...