During periods of low oil prices, industry players commonly perform “look back” exercises to lower their costs and optimize their supply chain to come out stronger on the other side of a downturn. Since one of the largest cost components for the upstream oil and gas supply chain is frac sand, this is a great place to start.
Investors looking for a cannabis investment with less risk than the THC market have been snapping up hemp investments.
But with falling crop prices, regulatory uncertainty, and a pandemic that has put the brakes on retail sales, it’s become a foggy picture for investors.
In North Dakota, a used Caterpillar Oil swabbing rig which would cost over $500,000 new was sold for $27,500 (a 95% discount) in just 51 seconds during a live online auction for oilfield equipment in early June.
Driving north on i75, from Tampa to Tallahassee, is what some consider to be a boring drive. Views solely consist of miles and miles of flat pastured lands, with a few barns sprinkled in there as well. If you are looking closely enough, you will notice a sign that reads “Now Entering Marion County – Horse Capital of the World.” More specifically, it is the town of Ocala, Florida – which is considered to be the horse capital of the world. Home to over 600 thorough-bred horse farms, as well as the official training site of the US Equestrian Team. Both Ocala and the state of Florida, command a great deal of respect in the horse world.
We caught up with RJ Hopp, Director of Hemp Markets at PanXchange once again to talk about the wild, wild, west of the hemp market during a pandemic. RJ also discusses how PanXchange is helping hemp farmers in Washington, lobbying for inclusion in the Coronavirus Food Assistance Program. Plus, we talk about the current seasonal conditions across the US.
This webinar will feature Julie Lerner, Kim Harris, and Bob Hoban all accredited professional and business leaders in the hemp and cannabis industry. The speakers will discuss forward selling hemp in an oversupplied market, covering all aspects such as avoiding the risks of fixed price transactions, types of crop insurance available and requirements to prove sales contracts, and legal issues regarding contract terms and other forward selling issues. A Q&A will follow. A must attend for the hemp industry.
Advancements in technology are best implemented under the correct context, and in oil and gas, a significant talking point with respect to context is volatility; especially with regards to the international trade standoff started by Russia and Saudi Arabia, as well as the hit to global crude oil demand brought into being via the coronavirus pandemic. With the recent volatility in energy markets, we choose to introduce three advancements in technology (one of which is our own) that are a good fit for the boom and bust cycles of oil and gas. Amazon Web Services Cloud Computing, Epic’s DH350 mobile drilling rig, and PanXchange Sand®.
The prices for unprocessed hemp for CBD (CBD biomass) and for distilled CBD have consolidated at low levels, according to May data reported by the PanXchange, holding at about 20 percent of last year’s peak prices posted shortly before the harvest started.
Around this time last year, CBD-hemp prices started on a tear that didn’t let up until a dramatic price collapse in August. Hemp grown for CBD production currently dominates non-marijuana cannabis production and consumption.
In recent weeks, Aurora Cannabis stock has seen new life. It all started with the company releasing its third-quarter 2020 results on May 14, which showed 18% revenue growth from the prior period. A commitment to further improving its costs also gave investors a reason to be hopeful that profitability may not be just a pipe dream.
Citing a precipitous downturn in hemp commodity prices, the U.S. Hemp Roundtable has written to federal agriculture authorities seeking a change to agency rules on getting coronavirus pandemic-related assistance.