Disease Resistant Hemp Requires Research and Time
Cannabis selection has occured over thousands of years, for the intoxicating resin or fibrous characteristics. Selection was retarded in much of the world due to prohibition, but pockets of breeding have continued, or reemerged in recent decades. The rebirth of a national hemp industry in the US has given rise to a very crowded seed breeding segment, and we speculate that as much as 1/3 of our estimated hempseed acreage in 2020 – 21,138 acres – could be devoted to hemp seed production for sowing. Hemp seed prices have in aggregate come down over the last 2 years, but not commensurate with overall hemp prices. The most desirable varieties can still cost upwards of $1/ seed, though the Jacobsen does not report pricing for crop inputs.
The robust pricing persistence in this segment is in part due to quickly…
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...