From Grains to Frac Sand to Hemp

If you had told Julie Lerner eight years ago that the commodity trading platform PanXchange,  which she was building with sugar in mind, would grow to support the trading of frac sand, East African grains and hemp, she would have said you are nuts.Hemp was the most recent addition to the platform after the full legalization of the crop last year with the passage of the Farm Bill. In this video, Lerner, CEO of PanXchange, talks about launching the first benchmark pricing for hemp and the state of the nascent world that is physical hemp trading. It’s a different beast from the traditional commodity landscape.

PanXchange Launches Industry’s First Hemp Exchange

August 1, 2019 – PanXchange, a physical commodities OTC market structure solutions provider, today announced the launch of the industry’s first institutional‐grade industrial hemp exchange. The marketplace will allow producers, processors, trade houses and end‐users to participate in a transparent and efficient cash market for industrial hemp products and will ultimately pave the way for the creation of hemp derivatives contracts.

Hemp Value Extraction

The majority of CBD is extracted from hemp through two main processes: CO2 extraction and solvent extraction.CO2 extractionIn this process, carbon dioxide is under supercritical conditions – high pressure and low temperature – to isolate and preserve CBD. The CO2 method produces the cleanest, most isolated CBD oil that is free from chlorophyll, but requires much higher upfront fixed costs and a significantly steeper learning curve to perfect the process.

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.

Africa Newsletter 04-16-19

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Africa Newsletter 04-04-19

Because the vetting process and conditions introduced by Kenya Farmers Association director Kipkorir Menjo has made the registration process slow and arduous, few farmers have thus far registered and are selling product to independent traders at Ksh 2,000/90kg despite the board paying Ksh 2,500 per 90-kilo bag of maize. The National Cereals and Produce Board has so far bought 391,000 bags of maize and is yet to meet its target of 2 million bags. Rains have set in most parts of the country specifically Northeastern, Western and Nyanza and parts of Eastern Kenya. Rains in North Rift are yet to start hence farmers are yet to start planting. Moderate wet weather is expected over the Western parts of the country and the Central Highlands. With Wajir, Garissa, Mandera, Isiolo and Marsabit counties receiving more than 30mm in 24 hours.