An interesting argument was inspired by popular energy analyst and engineer David Ramsden-Wood, who I credit with initially addressing this concept. Kudos!
Frac sand suppliers have struggled in the current market environment. Crude oil prices have crumbled amid a major oversupply (especially during the COVID19 pandemic).
Faced with an unprecedented imbalance of supply and demand for crude oil, amid COVID-19 and the OPEC+ fallout, traders have found a way to make astounding profits in an otherwise rough global market scenario; by trading offshore crude oil storage on very large crude carriers (VLCCs).
RJ Hopp, Director of Hemp Markets at PanXchange, spoke with Kristina Etter, editor of Cannabis Tech, in the first episode of a new, joint-monthly podcast, “A Tech Moment: PanXchange Hemp Market Report.”
Futures, forwards, cash markets, spot markets, derivatives…. Let’s get the lingo right and get to some more sophisticated price risk management in @PanXchange markets! Customs of the trade-in both PanXchange markets is to negotiate a fixed price contract regardless of how far into the future the actual delivery is.
The “building its ship as it sails” hemp industry is no stranger to operating amidst uncertainty – and it’s probably fair to posit that the tragic COVID-19 crisis has saddled the young industry with more of the same as hemp growers, just like the rest of us, navigate shelter-in-place orders, closed borders, and a healthy dose of “should I even grow a crop” in 2020 questions.
The firm covered various topics ranging from regional spot prices (biomass, crude oil, distillate, and isolate), to legislative updates such as changes in the USDA Interim Final Rule for hemp producers.
Attesting to speaker quality and experience, over 80% had PHD’s. This year a Quality Summit was added to address important new issues within the evolving industry, including quality assurance, research, innovation, and safety. Key presentations included:
Farmers cheered when hemp was legalized nationally for the first time in decades. But more than a year later, differing state regulations and law enforcement’s unfamiliarity with the plant are complicating efforts to capitalize on the crop.
Hemp buyers and sellers face a number of challenges, some are the result of prior regulatory concerns and some are just normal for new commodities. Julie Lerner has made a career creating commodity exchanges is now focused on hemp. She speaks to Joy Beckerman about PanXchange’s Hemp Commodity Trading Platform and their Hemp Benchmark & Analysis.