Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary 

The Complex Politics of Cannabis

Hemp politics in Oregon are far from boring.  Oregon lawmakers saw an emerging hemp industry that came with a compelling backstory and was good for rural communities.  After legalizing MJ, embracing hemp was a breeze. 

This is not entirely the case though.  We recall Oregon State University’s hesitation to pursue cannabinoid hemp research in 2019, prior to the release of USDA hemp regulations when government agencies issued memos regularly, discussing hemp’s normalization within their spheres of influence. 

The DEA noted that seeds could be imported without their blessing.  Banking agencies said hemp was good to go.  Sort of.  TSA said, ‘bring it’, because cannabis isn’t squarely in their wheelhouse anyway, and travelers can travel with hemp extracts. 

This was the honeymoon period of hemp’s regulatory life, when…

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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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