The dramatic shift in supply and demand for grains and oilseeds presents opportunity for growth in hempseed markets. Not just the livestock feeds element, which is projected to change after federal approvals, perhaps as early as this year. Protein replacement for a growing plant-based meat complex is also a significant opportunity for growth in hempseed markets, which have maintained consistent pricing levels since 2017, though our historical pricing dates to July 2019. Hempseed prices are by far the most stable of all hemp prices currently, anchored by historical Canadian production and existing, though inconsistent, export markets.
The chart below includes various protein prices today, as compared to earlier this spring, and one year prior. Hempseed meal prices are included for comparison, based on conversations with major crushers, and where they anticipate the market for hempseed meal to land. Prices have declined…
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...