05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
The hempseed belt that stretches from the US Northern Plains into the Canadian Prairie Provinces has contended with especially hot and dry growing conditions this year. Hempseed crops here will suffer some yield loss in 2021, especially dryland hemp. Extreme heat will test crops over the coming week. The scale represents departure from average in degrees F. Images courtesy of Maxar Weather Desk.
The outlook for rain – in Saskatchewan particularly – is bleak. South of the border, eastern North Dakota is also enduring drought conditions this year, and we continue to speculate that rising hempseed prices may result from reduced yield. We believe that carryover in Canada has been on the high side, helping them to mitigate any issues relate to supply.
How much will a reduced yield in the US impact…