Across the country today, extractors, farmers, and traders that are long in hot extracts are strategizing how to respond to the dire risk created overnight by the US Drug Enforcement Administration (DEA). The agency issued its own Interim Final Rule (IFR) yesterday, and it is a significant threat to cannabinoid hemp markets and hemp pricing. Operators are now faced with substantial risk exposure, and while remaining optimistic and engaged in the policy process, should not be cavalier about the threat from DEA.
We have discussed in previous commentary the legal threat of what
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...