Weekly Hemp Recap

Weekly Hemp Recap

Last Weeks Hemp Commentary

Hemp Flower Markets Ride on the Coattails of MJ

The emergence of the hemp industry has been closely tied to existing cannabis markets.  No surprise, since THC content is the only attribute separating the two major types of Cannabis spp. – at least from a legal standpoint.  The reality is that cannabis exists on a broad spectrum with stout, resinous, cannabinoid-rich hemp on one end, and leggy fiber types at the other.  This botanical connection does not imply one in the greater marketplace, where hemp prices are independent of existing MJ markets.   

There is appreciable overlap in the pan-cannabis sector though, in regard to the science, technology, marketing conventions, packaging, vendors, and overall business culture.  Examples include the widely used kilogram as the unit for hemp extract markets, in lieu of the more volumetrically appropriate liter.  A…

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04.26.2024

P66 Rodeo to begin producing SAF in Q3

P66 Rodeo to begin producing SAF in Q3

Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...

04.26.2024

Slower Gulf demand weighs on animal fats market

Slower Gulf demand weighs on animal fats market

Limited volumes of choice white grease traded at steady prices on Friday April 26, while trading was very quiet outside of the choice white grease market.

Price direction in...

04.26.2024

Porcine bloodmeal FOB Missouri River price drops week on week

Porcine bloodmeal FOB Missouri River price drops week on week

Limited trade was reported on Friday April 26 for US animal proteins, while prices widened downward.

Fastmarkets assessed bloodmeal, porcine, fob Iowa/Missouri/Nebraska at $1,025-1,150 per short ton on...

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