Wildfires Threaten Homes and Lives
Agricultural crops have seen declining ratings as the season progresses. Roughly a quarter of the US corn crop in the 18 major corn producing states rated “Fair” last week, while 9% rates “Poor” and 5% of the overall crop rated “Very Poor”. This leaves 45% of the crop rating “Good” and the remaining 15% as “Excellent”. This is a good illustration of the variability of crop performance around the country, and hemp is no exception. We do not believe a similar decline in the overall hemp crop will have sufficient impact on supply or hemp prices. Wildfires remain an unknown though.
The Oregon flower crop has seen good weather this year but is one of many areas in the Western US that is experiencing wildfires. There is no way to…
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...