The massive rush to market for CBD in 2019 was not exclusively driven by farmers. The sheer volume of people growing small to moderate amounts of cannabinoid hemp caused major disruption, and broad, dispersed losses. Without demand, the product was never going anywhere. Demand for delta-8 THC, CBN or other substances resulting from R&D using converted CBD isolate have barely chipped away at overall CBD isolate inventories.
The entire madness that was CBD markets after the 2018 Farm Bill was driven by thousands of people, many of whom are non-farmers. The market opportunity unleashed healthy amounts of capital to enterprises all over the US. Canadians were keen to strike deals with US farmers, and large sums of money were poised to fund CBD oriented enterprises. The thought was that if you can grow a crop of hemp, you can’t lose.
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05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...