Grading is an integral part of agricultural commodity markets. The USDA has an historical role in developing grading schemes based on industry adopted product standards. Product standards instill confidence in buyers, facilitating transactions and increased liquidity in the marketplace.
Cannabinoid hemp is a different crop from hempseed or fiber. Despite sharing the same botanical nomenclature, the characteristics of CBD or CBG rich plants are a world apart from that of fiber hemp. Cannabinoid crops will be evaluated on subjective qualities like fragrance but are primarily assessed through the laboratory analysis, especially in the realm of extraction.
Hempseed standards have developed more than those for cannabinoid or fiber hemp. As a part of our participation in the ASTM D37 Committee we have recently moved to adopt industry-driven standards for assessing spoilage of hempseed intended for human…
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...