The hempseed belt that stretches from the US Northern Plains into the Canadian Prairie Provinces has contended with especially hot and dry growing conditions this year. Hempseed crops here will suffer some yield loss in 2021, especially dryland hemp. Extreme heat will test crops over the coming week. The scale represents departure from average in degrees F. Images courtesy of Maxar Weather Desk.
The outlook for rain – in Saskatchewan particularly – is bleak. South of the border, eastern North Dakota is also enduring drought conditions this year, and we continue to speculate that rising hempseed prices may result from reduced yield. We believe that carryover in Canada has been on the high side, helping them to mitigate any issues relate to supply.
How much will a reduced yield in the US impact…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
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04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
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Wide ranges were witnessed on porcine bloodmeal (BM), with a...