Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary

New York Illustrates Complexity of Cannabis Banking Problems

An estimated 2000 unlicensed cannabis stores have emerged across the five boroughs in the two years since New York has legalized recreational cannabis.  New York lawmakers inadvertently created a regulatory vacuum after they passed legislation in 2021 to legalize marijuana in the state.

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02.27.2025

CWG prices fall; broader animal fats markets steady

CWG prices fall; broader animal fats markets steady

The US animal fats and oils markets were steady on Thursday, February 27 on slowing month-end activity, while sentiment remained under pressure from macro factors, including weaker soybean oil...

02.27.2025

Bloodmeal prices jump on limited spot supply

Bloodmeal prices jump on limited spot supply

Ruminant bloodmeal traded higher on Thursday February 27, up to $1,425 per short ton FOB Missouri River and Texas Panhandle.

Strong demand in a tight spot supply market...

02.27.2025

High feedstock cost continues squeezing European biofuel production margins

High feedstock cost continues squeezing European biofuel production margins

European biofuel feedstock prices remained broadly stable in the week to Thursday February 27, applying additional pressure on biofuel production margins, with the spread between used cooking oil (UCO)...

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