Weekly Hemp Recap

Weekly Hemp Recap

Last Weeks Hemp Commentary

Hemp Flower Markets Ride on the Coattails of MJ

The emergence of the hemp industry has been closely tied to existing cannabis markets.  No surprise, since THC content is the only attribute separating the two major types of Cannabis spp. – at least from a legal standpoint.  The reality is that cannabis exists on a broad spectrum with stout, resinous, cannabinoid-rich hemp on one end, and leggy fiber types at the other.  This botanical connection does not imply one in the greater marketplace, where hemp prices are independent of existing MJ markets.   

There is appreciable overlap in the pan-cannabis sector though, in regard to the science, technology, marketing conventions, packaging, vendors, and overall business culture.  Examples include the widely used kilogram as the unit for hemp extract markets, in lieu of the more volumetrically appropriate liter.  A…

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11.22.2024

Biodiesel margins rise, but window of opportunity limited

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

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

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...

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