The capital markets industry is intertwined with technology in an ambitious bid to update legacy systems, improve cybersecurity and enhance the customer experience. In the online trading space, millennial investor base continues to grow, and providers are seeking to cut down on monthly fees and offering low-cost price-per-trade services for trading platforms.
PanXchange produces indices for physical commodities to bring price discovery and key market intelligence to thin and/or nascent sectors. As a service to the US hemp industry, PanXchange publishes nine monthly price assessments for Colorado, Oregon, and Kentucky on the last Thursday of each month.
In the Northern White market, 100m prices rose by 4% and 30/50m prices rose by 3% while 40/70m prices remained relatively flat. This suggests that renewed annual budgets are continuing to have a positive impact on demand.
It may not be apparent when you’re spending $70 on CBD foot cream, but hemp prices are plunging amid a “grossly oversupplied” market, according to the head of the industry’s first price provider.
The oversupply of U.S. hemp, which was largely grown last year for CBD extraction, could be significantly bigger than expected after prices tumbled in 2019 and farmers struggled to find buyers, deal-flow calculations by one trading platform show.
We talked with PanXchange’s CEO Julie Lerner to get an insider’s view on what the proposed regulations mean to this exciting, newly forming industry, and why some of the proposed regulations could be tweaked or changed in the days after the public comment period ends.
Legal cannabis for adult use arrived to Illinois, with long lines outside of dispensaries formed on Jan 1. The day saw $3.2 million in weed products sold. Among the first customers was Lt. Gov. Juliana Stratton.
Dan Maclure planted eight acres of hemp on his Vermont farm for the first time this year, aiming to cash in on the exploding demand for CBD, a derivative of the plant reputed to ease anxiety and other ills without the high of its close cousin, marijuana.
In the Northern White market, 100m prices fell by 2% this week while 40/70m fell by 1% in contrast with last week’s price increases.
In the Permian, FOB Kermit 100m rose by 1.0%, local 40/70m rose by 0.5% and FOB NW Odessa 40/70m prices remained relatively flat. We expect demand to pick up as E&Ps gear up for next year’s drilling inventory.
As the year closes in, we are looking at the Indian market and its challenges with meeting the demand for grains and pulses as well as the effects that weather has played in the current climate of civil unrest and anger towards the Bharatiya Janata Party (BJP) government. Along with China, the Indian market has become a major player in the global agricultural commodities trade and as a leading destination for protein-based products from Canada, USA, Russia, Ukraine, Australia, Myanmar, Mozambique, Tanzania, Sudan, and Malawi, all being major import sources.