In one of the most monumental transactions in the hydraulic fracturing industry to date, Schlumberger (one of the largest oilfield services companies in the world) is selling OneStim, its North American pressure pumping business line to Liberty Oilfield Services Inc in exchange for a 37% equity stake in the proforma entity. The deal is expected to close in Q4 and with a proforma market capitalization of $1.2 billion and a proforma revenue stream of $5.2 billion. After this transaction is executed, investment bank Evercore confirmed that Liberty will become the third-largest oilfield service company in North America. The strategy behind the deal has become a hot topic of debate, seeing as how the hydraulic fracturing industry has been decimated by crude oil demand concerns amid the global coronavirus pandemic.
Kenyan wheat farmers have been demanding better prices from millers due to the high cost of production and that KES 3,500 per 90kg bag would allow them to just break-even as millers in the country are paying KES 3,250 per 90kg bag as reported by Business Daily.
We highlight some of our conversations with industry professionals who explain the many ways that underreporting hurts the industry as a whole.
On each Friday following the distribution of PanXchange® Hemp: Benchmarks & Analysis, the Hemp team will be hosting an online webinar to discuss industry trends such as our regional pricing benchmarks, market commentary, supply and demand analysis, and other recent content. This webinar is intended to give our subscribers the opportunity to connect with the PanXchange team to ask questions and discuss topics in an open format. This is a service exclusive to only PanXchange platform participants and data subscribers – at no additional cost.
The August 2020 PanXchange® Hemp: Benchmarks and Analysis was published last week by our friends at PanXchange. Now, at the end of August the harvest of field grown industrial hemp has not only begun, but also some early harvested hemp targeted to the cannabidiol (CBD) market is beginning to change hands.
The hemp industry has praised the hemp market value for its versatility to be molded and used in hundreds of hemp products, including hemp plastic, hemp horse bedding, hemp animal feed, and now a unique opportunity is emerging for industrial hemp.
By early October, Aaron Owens anticipates that the young hemp plants he’s cultivating on two acres just south of Dripping Springs will be about six feet tall and ready for harvest — giving him a successful crop in the inaugural season of legal Texas hemp production.
Kenya plans to spend over KES 100 million on upgrading selected warehouses that will be used under the new Warehouse Receipting System (WRS) as the country prepares to launch a national commodities exchange.
The J.P. Morgan Center for Commodities’ industry partners are key entities in the commodities area, including representatives from banking and investment firms, energy, mining, agriculture, Independent Software Vendors (ISVs), exchanges and Futures Commission Merchants (FCMs), among others. Our industry partners provide scholarships, internships, experiential learning, field trips and advice to keep the educational programs for both academics and professionals grounded in current business practice.
Delta 8 THC (D8) is a major cannabinoid present in both hemp and cannabis, mimicking the psychoactive effects of its federally illegal cousin, Delta 9 THC. Specifically, D9 is derived from medical and recreational marijuana and found in small percentages in industrial hemp. On the other hand, D8 can be extracted and isolated in similar methods to other popular cannabinoids like CBD or CBG, but usually not present in the cannabis plant in more than 1% concentration. At this point, the hemp industry is seeking minor cannabinoids, such as CBG and CBN, but with low concentrations, a lot of material needs to be processed to create a substantial amount.