05.15.2024
Soybean oil stocks fall with slowing April crush
The soybean crush totaled 166.034 million bushels, down by 15% from a record of 196.406 million bushels in March and down by 4% from 173.232 million bushels crushed in...
Last Week’s Hemp Commentary
Optimism
There is much to be optimistic about in hemp markets and hemp prices in 2021, and throughout the ‘Roaring Twenties’ to come. A new administration has sown hope among those active in the cannabis space, including hemp and MJ. The arbitrary line that separates the two is blurring, as society reaches an inflection point with regards to cannabis acceptance. This process will accelerate over the coming years, driven by medical and adult use. The many other cannabinoids will tag along, as consumers embrace a wide spectrum of cannabinoids for therapeutic uses.
2021 will see more consolidation than we’ve seen in 2020. PPP funding provided a lifeline for some operators and helped others to continue to improve efficiencies and broaden product offerings. Those that do not have the…