European Policy Momentum

European Policy Momentum

The UN Commission on Narcotic Drugs voted earlier today to remove cannabis from Schedule IV of the

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. This is a dramatic policy shift for pan-cannabis, globally. The treaty has guided governments for decades, and it has hindered medical research for cannabis.  As we have discussed routinely, hemp policy is forever tied to cannabis policy.  Liberalization of MJ laws is a boon for hemp. 

The Jacobsen tracks European hemp policy because these markets have historically been lucrative for US operators.  

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follows many months of debate, after the World Health Organization reclassified cannabis in 2019, and

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11.15.2024

October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks

October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks

The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...

11.15.2024

UCO 2025 market clouded by China’s cancellation of export rebate

UCO 2025 market clouded by China’s cancellation of export rebate

China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...

11.15.2024

US animal protein prices steady to firmer week on week; SBM under pressure

US animal protein prices steady to firmer week on week; SBM under pressure

The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...

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