Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary 

Hemp Acreage Rises Modestly on September Report

The most recent Farm Service Agency (FSA) crop acreage data for hemp shows a 7% increase in overall acreage over August’s report.  Just over 35,000 acres have been reported to the agency this year, but we can speak with some confidence that the figures do not show 5000 or more acres in the state of Oregon, and likely other states as well.  Producers on Oregon have no historical connection to the FSA there and no clear incentive for reporting their acreage. 

Oregon cannabis culture, crossover with hemp and MJ operators, gray markets for ∆8-THC and other novel cannabinoids, makes for less than proactive acreage reporting to a federal agency. And now, increasing illicit MJ production in Oregon in the most active cannabinoid hemp growing area – the Rogue Valley – also impacts acreage reported to FSA in 2021.  Acreage reporting is a requirement of…

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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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