Canada did not accidentally come to dominate North American hemp markets. Canadian growers have been planting hemp, developing cultivars, and mastering the agronomics of the crop for almost 25 years. The movement to legalize hemp in the U.S. caught Canadians’ attention, and it prompted some stakeholders to accelerate their efforts to gain market share in emerging hemp markets.
Hempseed has been the most successful of Canada’s hemp exports. Canadian operators developed Korean markets for hempseed exports when some Koreans abandoned fish oil for the polyunsaturated fatty acids found in hempseed. China quickly captured that market and Canadian hempseed inventories backed up, slowing growth in the segment while they worked through a glut.
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12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
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December cattle on feed down on month, year
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The only significant price...