Figures from the latest USDA NASS National Hemp Report show a downward trend in both acreage and market size for all major hemp segments. Within this data are modest gains for fiber hemp in states like Missouri and Virginia, each posting gains of less than 100 acres in 2022.
High commodity prices, especially for oilseeds, will continue to affect growers’ planting intentions. Energy markets will also continue to have knock-on effects in oilseed markets, largely driven by a combination of state and federal policy that can leverage enormous demand, as previously witnessed with ethanol markets.
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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...