Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary

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…

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04.26.2024

P66 Rodeo to begin producing SAF in Q3

P66 Rodeo to begin producing SAF in Q3

Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...

04.26.2024

Slower Gulf demand weighs on animal fats market

Slower Gulf demand weighs on animal fats market

Limited volumes of choice white grease traded at steady prices on Friday April 26, while trading was very quiet outside of the choice white grease market.

Price direction in...

04.26.2024

Porcine bloodmeal FOB Missouri River price drops week on week

Porcine bloodmeal FOB Missouri River price drops week on week

Limited trade was reported on Friday April 26 for US animal proteins, while prices widened downward.

Fastmarkets assessed bloodmeal, porcine, fob Iowa/Missouri/Nebraska at $1,025-1,150 per short ton on...

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