Canada did not accidentally come to dominate North American hemp markets. Canadian growers have been planting hemp, developing cultivars, and mastering the agronomics of the crop for almost 25 years. The movement to legalize hemp in the U.S. caught Canadians’ attention, and it prompted some stakeholders to accelerate their efforts to gain market share in emerging hemp markets.
Hempseed has been the most successful of Canada’s hemp exports. Canadian operators developed Korean markets for hempseed exports when some Koreans abandoned fish oil for the polyunsaturated fatty acids found in hempseed. China quickly captured that market and Canadian hempseed inventories backed up, slowing growth in the segment while they worked through a glut.
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11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...