Hempseed markets will continue to face headwinds as imports and high commodity prices steer producers to other crops, furthering a trend of declining acreage. An aggregate 4320 metric tons (mt) of hempseed cleared U.S. Customs from various ports in 2022, depicted below, in Kg.
Canada remains by far the most important hempseed exporter to the US sending 3500 mt south in 2022. US producers will struggle to displace established Canadian hempseed tradeflows without significant policy development.
European competition is also on the horizon with Lithuania sending nearly 550 mt to the US in 2022.
Despite our previous commentary about North American and European hemp market…
12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...