-Texas regulators take a startling turn against delta-8
At first glance, the October PanXchange Hemp: Benchmark & Analysis report looks like more of the same when compared with September’s, but a closer look shows several issues have intensified: price pressures in the hemp biomass sector from newly harvested supply, the continued controversy over (and demand for) for delta-8 and the use of hemp in animal feed.
John Lothian News continues to go strong during the pandemic, but we have decided to close our office in the CBOT Building when our lease is up at the end of the year. The JLN team will continue to work from home and venture into Chicago when opportunity or the need arises, but we will have no permanent presence downtown after the first of the year. JLN has had its own CBOT offices since 2010 after incubating the firm in the offices of my former employer, The Price Futures Group.
Mid-range prices of hemp biomass were bobbing in a sea of red in the September PanXchange Hemp: Benchmark & Analysis report, but the exchange said it was standing by its forecast that prices for “quality 2021” biomass will rally after the current harvest.
The PanXchange Hemp: Benchmark & Analysis report took an unusual turn this month, calling hemp hurd for animal bedding the most interesting industrial hemp story of August. That may not sound like an exciting development to a casual observer, but it is one segment of the market where the report indicated there is little supply to spare.
The month of July brought more than its share of disruptions to the growing season — wildfires and severe drought in much of the West, for example — but prices for biomass and industrial hemp ended the month mostly unchanged, according to the latest PanXchange Hemp: Benchmark & Analysis.
The 2021 JLN MarketsWiki Education World of Opportunity was held on July 21 as a virtual event and featured an interview with Small Exchange CEO Donnie Roberts and an interview of and presentation from Get Real VR partner Ed Haravon.
Nasdaq IR Intelligence analyst Saleem Daya explains why the sector’s heated year-end performance cooled in Q2; cites rising yields, retail investor fatigue as action on U.S federal legislation remains stalled.
Every month PanXchange publishes some of the summary data they have calculated from hemp trading, collected from their trading platform and reported to them by market contacts. In addition to the indications of the ongoing weakness in many hemp prices, the June Benchmark & Analysis carried a report about what can be taken as a sign of the growing sophistication of the hemp marketplace: Hemp traders are spoofing! (Maybe not a good thing.)
After a long career in exchange-traded derivatives, Jack Bouroudjian, chairman of the Global Smart Commodity Group, is doing an about-face, turning to blockchain technology and tokenized settlement to facilitate trading.
The Small Exchange is known for its bite-size futures products aimed at retail customers, including the Small U.S. Dollar, Small Stocks 75 and Small Precious Metals contracts. Its latest product, which was launched on Monday, fits that bill, but Small Cannabis Equity Index futures also make their mark in another way — as the first cannabis-related futures to trade in the U.S.
After what seems like forever, PanXchange’s Benchmarks & Analysis finally reports an uptick in May prices for CBD biomass as well as a wide variety of refined products. Non-CBD hemp prices are also flashing green now.
Well, it is now May, and in most of the United States it is high time to get the field crops planted. Among them is hemp, industrial hemp, which despite being an ancient crop and a generally legal one since 2019, still has an uncertain future.
Will transforming hemp-based CBD into mildly psychoaffective Delta-8 THC save industrial hemp production? It’s complicated.
The common wisdom is that a person does not get high smoking industrial hemp leaves, stems or flowers. We have been following news reports, including those from PanXchange’s monthly benchmark reports, about the growing interest in smokable hemp flower.
First Read $54,406/$300,000 (18.1%) ++++ Hits & Takes John Lothian & JLN Staff Today is Giving Tuesday, the day of the year when we are asked by all our friends to give to their favorite charities. And we should do so, especially if we have not already. This...
Lead Stories 19-Hour VIX Options Trade Surges as Stock Market Resumes Swoon Lu Wang - Bloomberg A sizable bet that equity market volatility would worsen appears to have turned a tidy profit in less than a day. About $13 million was spent last night on 65,000 December...