I’m often asked to comment on whether or not cannabis will ever truly attain the status of a commodity. While the answer has generally been yes, we have a ways to go.
Julie Lerner: Of course, this pandemic is a tragedy that has brought sudden hardship and loss to many worldwide. While I empathize with this and am supporting friends, family, and colleagues who are struggling, for me, it has become a time of deep gratitude. More specifically, I’m grateful for the health of my “inner circle” and for the supportive network we provide for one another.
The Mosbys and Riders of Eldorado, Ill., took the 3 acres of hemp they harvested in 2019 down to 2 acres in 2020, planting less than half the crop they did the prior year. They say more hemp plants don’t mean more profit in a market where they lost more money than they made in 2019.
Hemp Industry Daily
Vegetable growers across the U.S. weren’t among the traditional farmers heavily diversifying into hemp production in 2020.
According to a survey of 437 farmers by trade journal American Vegetable Grower, 77% said they had no intention of planting the crop this year. Just 4% of farmers said they planned to grow hemp while 19% indicated they were considering it.
As the issue of aflatoxins in the region continues, Kenya will likely see less grain coming into the country from Uganda as tougher requirements will be implemented over the next couple of months.
CHICAGO, IL – October 29, 2020 – Barchart, the leader in commodity data, jointly announces a new strategic partnership with PanXchange, the leading benchmark price provider in US Hemp and the defacto benchmark price provider for US Frac Sand (proppant). Under the terms of the agreement, PanXchange will join the cmdty Pricing Network and make their benchmark prices available through Barchart’s data services and cmdtyView – the leading analytic solution for physical commodities.
U.S. commodities trading platform PanXchange said it will begin to track prices for hemp grain and stalk for the USA market, noting it expects the feed and food seed markets to evolve into traditional cash crops for U.S. farmers, much like corn, wheat, and soy. Very little grain is grown in the USA, primarily in the northern states of Washington, Montana and North Dakota. Hemp is grown for its stalks only in a few isolated spots around the country.
PanXchange will begin issuing the first and only US benchmark prices for Hemp Grain and True Hemp beginning with its October 28th monthly report.
On Nov. 10th, 2020, PanXchange and Julie Lerner will be named a Benzinga Global Fintech Listmakers and recognized as Best New Product and Most Impactful Brokerage Executive. To honor its sixth anniversary, Benzinga is honoring the winners for the advancements they’re making in financial technology in a new and improved way.
The cannabis plant is complex, with over a hundred cannabinoids and terpenes that all have different applications. To those that are outside of the cannabis and hemp industry, the two most well known are THC and CBD. THC, short for Δ-9-tetrahydrocannabinol, produces the well-known users’ “high.” On the other hand, CBD is short for cannabidiol, where users do not experience the psychoactive effect, and more than 60% of CBD users are taking it for anxiety. However, there has been much discussion about whether or not you need THC for CBD to work?