Tracking hemp import/export is not entirely possible at this stage of the industries’ development. Hemp products have crossed borders for years, particularly textiles from China, and hempseed from Canada. Tracking for whole hempseed is relatively straightforward, the coproducts, not so much. Add hemp seed for planting to the picture and it quickly fades out of focus. Volume of imported hemp seed from Canada for sowing has reportedly increased since the first nationwide US crop in 2019. Canadians are likewise planting more US seed genetics, particularly those experimenting with CBD.
Hempseed oil is the primary product in current markets, with the remaining hempseed meal, or seedcake, languishing at crushers or in storage. Without necessary feed approvals, its going nowhere fast. Given that assumption, it is puzzling why the following chart for hempseed meal…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...