We’ve discussed the role of government purchasing in advancing hemp markets. The purchasing power of the Federal Government gives key agencies a powerful tool for market development. Contract spending in 2020 was more than $665 billion, a $70 billion increase from 2019. Half of this was COVID related for medical supplies and pharmaceuticals, according to the
Government contracts cover everything from guided missiles to power bills. To see the Federal Government’s impact on innovation, one need only look at the defense sector, where the US leads the world in developing sophisticated tech for deterrence and readiness. To see the impacts on markets, the strategic oil reserve is an example, providing an effective lever to control energy markets to some extent.
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05.01.2024
Renewable diesel tops petroleum diesel as CA’s most blended diesel fuel in 2023
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05.01.2024
Distillers’ corn oil production moves higher
Four cars of technical tallow traded lower on Wednesday May 1, down to 47 cents per lb Chicago basis.
Used cooking oil (UCO) and yellow grease traded...
05.01.2024
Animal protein prices steady amid avian flu outbreak
US animal protein prices were steady or up on Wednesday May 1 amid limited reported trade, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, this...