U.S. hempseed imports declined from 2022 to 2023 by 12.6%. More precipitous declines from 2023 to 2024 depicted in the chart below do not reflect second half figures; data for 2024 is complete through June.
Declines in imports have been at least partially offset by an increase in domestic hempseed production. The National Hemp Report noted a reduction in hempseed acreage in 2023 but a considerable jump in yields – reportedly by 72.3%.
This massive increase in reported yields is more likely a data issue rather than being reflective of yield increases. The industry has rapidly grown, and information is becoming…
11.20.2024
Biodiesel supply tightens heading into the new year
Producers, blenders and fuel suppliers are reporting a slowdown in trading this week. A Fastmarkets survey of participants showed that overall sentiment has the market slowing ahead of...
11.20.2024
California UCO prices climb; DCO production eases slightly from record high
US animal fats and oils prices showed mixed trends on Wednesday November 20, with most market activity concentrated in the Gulf and West Coasts.
11.20.2024
US animal proteins steady; avian flu in birds increases in fourth quarter
US animal protein prices were steady on Wednesday November 20. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving weekend starting on Thursday...