Canada remains the most important exporter of hempseed to the US. The upstart hempseed segment in the US has been unable to compete with entrenched Canadian trade flows.
Hempseed is a challenging crop to produce, harvest, handle, and store. US growers have varying experience with hempseed – on a production scale – when crop commodity prices are a solid bet and marketing opportunities abound. Key farmgate buyers are in the Prairie Provinces of Canada, removing much of the marketing risk for Canadian growers.
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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...