The August 2020 PanXchange® Hemp: Benchmarks and Analysis was published last week by our friends at PanXchange. Now, at the end of August the harvest of field grown industrial hemp has not only begun, but also some early harvested hemp targeted to the cannabidiol (CBD) market is beginning to change hands.
The hemp industry has praised the hemp market value for its versatility to be molded and used in hundreds of hemp products, including hemp plastic, hemp horse bedding, hemp animal feed, and now a unique opportunity is emerging for industrial hemp.
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By early October, Aaron Owens anticipates that the young hemp plants he’s cultivating on two acres just south of Dripping Springs will be about six feet tall and ready for harvest — giving him a successful crop in the inaugural season of legal Texas hemp production.
The J.P. Morgan Center for Commodities’ industry partners are key entities in the commodities area, including representatives from banking and investment firms, energy, mining, agriculture, Independent Software Vendors (ISVs), exchanges and Futures Commission Merchants (FCMs), among others. Our industry partners provide scholarships, internships, experiential learning, field trips and advice to keep the educational programs for both academics and professionals grounded in current business practice.
Delta 8 THC (D8) is a major cannabinoid present in both hemp and cannabis, mimicking the psychoactive effects of its federally illegal cousin, Delta 9 THC. Specifically, D9 is derived from medical and recreational marijuana and found in small percentages in industrial hemp. On the other hand, D8 can be extracted and isolated in similar methods to other popular cannabinoids like CBD or CBG, but usually not present in the cannabis plant in more than 1% concentration. At this point, the hemp industry is seeking minor cannabinoids, such as CBG and CBN, but with low concentrations, a lot of material needs to be processed to create a substantial amount.
Hemp Industry Daily
Federal agriculture officials have determined that hemp farmers don’t qualify for a $16 billion fund designated for farmers who saw price drops because of the novel coronavirus.
The USDA Farm Service Agencies (FSA) Crop Acreage Report on industrial hemp left the PanXchange’s hemp team scratching our collective heads. Only 47,250 total planted acres were reported, which was 22.9% of last year’s total planted acreage. Even when accounting for late reported acres (+27% between August 2019 to end of year-2019), a forecast of 60,008 planted acres for the crop year 2020 far fall below even the most extreme expectations.
Denver Business Journal
We are so honored to announce that Julie Lerner won the category of Small Business Leaders at Denver Business Journal’s Outstanding Women in Business event.
U.S. farmers appear to be fleeing the hemp market after a rush last year to meet over-hyped CBD demand resulted in plunging prices and warehouses full of unsold supply.