The spot biomass market throughout July has been transacting in the range of $3.30 to $5.40 per percentage point of CBD content (/point). As we move closer to harvest, an interesting trend is emerging as quality biomass is still available from firms that have held physical positions since the 2018 harvest.
The spot biomass market traded between $0.45 to $1.10 per point this month. This corresponds with a simultaneous slowing of both actual deal flow and price depreciation month-over-month. Colorado, Oregon, and Kentucky continue to trade in a similar range to each other.
On February 6th, 2020, the USDA released details of three types of crop insurance for US growers of industrial hemp. This is a terrific opportunity for hemp growers, but there are many questions on eligibility and two immediate challenges for the growers. First, the deadline to apply is March 16th (For WFRP, the deadline ranges from January 31st to March 15th).
In the Northern White market, 100m prices rose by 1%, 40/70m prices rose by 4%, and 30/50m prices rose by 2%. This suggests that renewed annual budgets are continuing to have a positive impact on demand for both Northern White and local sand.
PanXchange Founder & CEO, Julie Lerner, talking on ‘What’d You Miss?’ regarding the Future of Hemp Trading and the Opportunities of Hemp vs Cannabis. Minute Mark 24:00 for Julie’s discussion.
According to the PanXchange, there is an issue of massive oversupply in the hemp market. PanXchange Founder and CEO Julie Lerner joins the On The Move panel to discuss the hemp business and how her company is changing the landscape for the industry.
The hemp market continues to settle as farmers look to the 2020 season. As U.S. growers learn from lessons they picked up in previous years, and as more growers get into the game, the national and international markets will shake out and begin to look more like a commodities market.
In the Northern White market, 100m prices fell by 3% to an all-time low this week, while 40/70 and 30/50m prices remained relatively flat. Northern White 100m has shown potential for significant weekly price decreases with no clear indication of bottoming out.
In the Northern White market, prices fell by approximately 1% this week across all mesh sizes (100m, 40/70m and 30/50m) to historical lows.
The United Nations warned that Zimbabwe faced another poor harvest in 2020 because of patchy rains, compounding problems for millions of people already grappling with a drought and the worst economic crisis in a decade.