PanXchange® Hemp: Benchmarks & Analysis – Oct 2019

Colorado winterized crude oil market has transacted between $850 and $1,600/kilogram, while tolling arrangements continue to be a prominent deal structure with regard to initial extraction. The spread between non-winterized crude and winterized crude continues to narrow as winterization capacity increases throughout the country.

The Colorado CBD isolate market traded in the range of $2,000 to $4,000/kilogram in October, while the full spectrum distillate market has seemingly traded in parallel with isolate as distillation becomes more cost-effective. The Colorado full-spectrum distillate market transacted between $2,100 and $4,000/kilogram, while THC remediated, broad-spectrum distillate continued to garner a significant premium of approximately $1,000/kilogram.

Lessons learned from Colorado’s first hemp harvest since legalization

It’s the first harvest season since the 2018 U.S. Farm Bill was signed into law — and hemp farmers, investors and analysts are working the fields and crunching the data, working diligently to better understand the potential of the plant that was federally legalized through its passage.And while those experts are saying that the biggest lessons are yet to be learned, the fundamentals of a fledgling market are beginning to fall into place in the first state to fully regulate the plant and its intoxicating cousin, marijuana.

Farmers Start to Get High on Hemp

After years of falling crop prices, some farmers see a lifeline in hemp.Thanks to recent changes in federal legislation, hemp, while still minuscule as a share of U.S. agricultural production, may offer growers outsize profits compared with more traditional crops.

U.S. hemp harvest brings hope to some farmers, heartbreak to others

DENVER, Oct. 3 (UPI) — A glut of CBD oil on the market, severe weather and a complex harvesting process will make this year’s first mass hemp crop in 80 years in the United States a disappointment for many farmers. As harvest season winds down and winter frosts threaten the northern United States, hemp is proving to be a complicated plant for farmers to harvest and process. Buyers for the crop are tapped out, which is driving prices down, industry observers say.

PanXchange® Hemp: Benchmarks & Analysis – Sep 2019

It is officially the start of the harvest period, and the new crop is starting to make its way to the market. The price of biomass through the course of September has traded in the range of $1.95 to $3.50 per percentage point of CBD content per pound (/point). The amount of transactions occurring in the market is slow as the early harvested product is entering the market, albeit a small percentage of the full crop, and many extractors are searching for tolling and revenue split deals rather than large spot purchases.

How to Capitalize on Emerging Trends in the Legal U.S. Hemp Market

How to Capitalize on Emerging Trends in the Legal U.S. Hemp Market, led by PanXchange CEO Julie Lerner and PanXchange Director of Hemp Markets RJ Hopp. We hope you learned a bit more about how to watch this new industry develop and how to analyze trends that can benefit your business. If you were unable to attend or would like to re-watch the webinar, you can follow the link below to access the recorded version of the webinar.

PanXchange® Hemp: Benchmarks & Analysis – Aug 2019

The spot biomass market throughout August has been transacting in the range of $2.73 to $4.50 per percentage point of CBD content (/point) as supply from the 2018 crop year is sporadic and early season crops are being harvested. The trend of biomass selling near the lower end of the range has continued from July, as those who are holding product from the 2018 have incentive to sell before large quantities of product enter the market from the 2019 crop year.  Instances of this trend have increased in the last few days, depicting the eagerness to move product and exit positions.

US Farmers Have High Hopes for Hemp Crops

Trade wars have crushed US grain sales. Tobacco is in terminal decline. However, for farmers in Kentucky the future may lie in a crop of the past: hemp. The fibrous plant once prized for rope and sailcloth is poised for a second life as a source of cannabidiol, or CBD, a substance added to everything from hamburgers to dog treats, which enthusiasts claim has therapeutic qualities.