Africa Newsletter 06-12-19

Due to the current maize shortage, the Kenyan government is in the process of finalizing a deal that would allow millers and traders to import maize in a bid to reduce maize price volatility.

Within the next two months, the Kenyan Cabinet is expected to give the defining verdict on whether to lift the ban on GMOs that was imposed in 2012. All indications are that the Cabinet is likely to give the nod to the controversial technology as the country continues to grapple with a perennial food shortage.

PanXchange® Sand: Benchmarks & Analysis 06.03.2019

This past week 40/70m saw movement in both northern white and Permian markets. Northern white 40/70m pricing was mixed and continues to be the one northern white product moving on a consistent basis. The FOB Odessa 40/70m price was down to its lowest price in the last 3 months, while FOB mine pricing was up week over week. This price movement indicates an uptick in demand for 40/70m in other basins, while a flat or weaker demand for the product in the Permian. This spread will be something to keep an eye on as northern white producers seek arbitrage opportunities on the spot market.

PanXchange® Hemp: Benchmarks & Analysis – May 2019

We would like to start this month’s newsletter with an update on PanXchange. At the end of April, PanXchange began on-boarding top-tier market participants onto the trading platform. This phase of the launch is to allow our market-makers a period of time to get comfortable negotiating online and building liquidity. We’re thrilled at how quickly these members took to online negotiations as we already have over $75 million worth of hemp products available for negotiations. For more information on PanXchange’s industrial hemp market, please reach out to the team at hemp@panxchange.com.

Post Harvest Processing

As hemp crops in the ground begin to mature, we’ve been continually asked by producers what’s going to happen to prices at harvest time. Anyone who gives a concrete answer on what way prices are going should quickly be ignored. Hemp is a new crop in many growing areas, and with so many variables inexperience affecting yields, the range of price trajectory is endless. That said, producers should know their options and use information from other agricultural markets to make smart decisions to reduce risk. Following other agricultural markets, main harvest should bring a large supply increase to markets, and with the year-over-year increase in planted acres, less developed storage and market options, and demand growth following a somewhat linear path, prices should see downward pressure at harvest.

PanXchange Adds S&P Global Platts Veteran Andy Bose to Board of Advisors

Denver, May 09, 2019 (GLOBE NEWSWIRE) — PanXchange, an OTC physical commodity exchange and price discovery platform for products including industrial hemp and frac sand, today announced that senior industry executive Andy Bose has joined its board of advisors. Mr. Bose will play a key role in driving important new strategic initiatives as the firm continues its rapid growth.

New Commodity Exchange Platform PanXchange Set To Revolutionize The Hemp Industry

The hemp industry is set to see significant changes in the coming years with the passing of 2018s Farm Bill, which legalized hemp on a federal level. New online trading platforms are emerging which focuses on commodity exchange at both wholesale and retail levels, for a variety of hemp-related products. PanXchange is the first of these platforms to prove their concept within the frac sand and East African commodity markets. With their additional expansion into the hemp market, PanXchange is primed to be a leader in online commodity trading for the industry.Kristina Etter, Editorial Content Director at CannabisTech sat down with Julie Lerner, CEO, and founder of PanXchange, to discuss the current state of trading within the hemp industry, the importance of accurate online commodity trading, and plans to expand into the isolate and distillate markets.

Denver Business Journal: Nation’s first hemp index by PanXchange aims to drive standardization of market

Denver-based online commodities trading platform PanXchange is stepping up — implementing a price-discovery system and report meant to create transparency in what has effectively been a gray market since the 2018 Farm Bill was signed in December. Before that, the market was officially black and accordingly opaque.Read more about PanXchange and the Hemp market here.