Last Week’s Hemp Commentary
NASDA Renews Support for 1% THC Threshold
The entire definition of hemp is underpinned by a .3 percent THC limit that is completely arbitrary. We’ve heard stories about how the figure came to be, with the most likely origin being part of Canada’s efforts to normalize hemp production.
When the 2018 Farm Bill was passed, hemp stakeholders could not see around the corner, viewing the .3 percent figure within the context of political expediency. As the hemp-derived cannabinoid segment emerged as the key market segment for hemp, the .3 percent limit became an immediate issue.
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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...