Federal Cannabis Policy
Cannabis policy at federal level is not advancing currently, amidst a full slate of other issues. Senators, in particular, lack the bandwidth currently to address cannabis in standalone legislation, but budgets are shaping up to provide protections for medical marijuana programs and for financial institutions that bank cannabis operators. Cannabis policy shifts can have significant impacts on the hemp side, though hemp prices are not expected to change dramatically in the wake of federal legalization. Free markets willincrease demand for hemp flower and various cannabinoid products.
The House Appropriations Financial Services and General Government (FSGG) Subcommittee approved a bill that funds different government agencies for FY 2022. Per
…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...