Yesterday’s Hemp Bulletin commentary emphasized the importance of professional agricultural services that have enabled the hemp sector to normalize. Professional accounting, legal, and insurance services have also pivoted to accommodate hemp and cannabis operators. Hemp and cannabis make an attractive marketing segment for many general services companies. Some local banks and credit unions have done this, but overall, banks are keeping their distance from hemp operators.
In 2019, financial institutions casually notified many long-time clients that their accounts were being closed. Elavon, the merchant services provider that is a subsidiary of US Bank Corp, led the carnage in spring of 2019, giving customers ~6 weeks to find an alternative. Our understanding of this sudden pivot was that lax oversight and dated risk management policies allowed for a…
03.03.2025
EASA releases EU SAF mandate penalty reference prices
The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...
03.03.2025
Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains
Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.
03.03.2025
Trade quiet in animal protein market ahead of tariff implementation on Canada and Mexico
Trading was quiet in the animal protein market on Monday March 3 with many market participants taking a wait-and-see approach to US tariffs that are set to go into...