Last Week’s Hemp Commentary
Canada Dominates U.S. Hempseed Imports
U.S. hempseed import data is complete for 2023 and it illustrates Canada’s dominance in the segment. Lithuanian imports have grown steadily in recent years and will likely continue to expand at less than 3 percent compound annual growth rate (CAGR).
U.S. hempseed production has fallen off considerably since 2019 when new entrants flooded the space. Much of this activity was trials, and much of it ended in crop failure. Besides the agronomic challenges of growing and handling hempseed, seed availability was also very limited and germination rates were often below 50 percent.
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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...