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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07.26.2024
US Court of Appeals sends SRE decision back to EPA; soyoil prices tumble on potentially lower biofuel demand
On Friday July 26, the US Court of Appeals vacated at least some of the blanket small refinery exemption (SRE) denials made by the Environmental Protection Agency (EPA) in...
07.26.2024
Animal fats and oils trade freezes following soybean oil market drop on SRE report
Trading in the animal fats and oils market was quiet on Friday July 26; the California yellow grease market the only one to rise, with prices up to 31-32...
07.26.2024
Porcine bloodmeal, Missouri River, moves higher week on week; June commercial cattle, hog slaughter
US animal protein prices were highly mixed in the week to Friday July 26, with limited trade on both Thursday July 25 and on Friday. Porcine bloodmeal was the...