Botanicals

Cannabis Shares Underperform Going Into Year-End Amid U.S. Regulatory Logjam

Cannabis Shares Underperform Going Into Year-End Amid U.S. Regulatory Logjam

SUZANNE COSGROVE Although adult-use sales of cannabis remain robust in U.S. states where it is legal, Nasdaq IR Intelligence analyst Saleem Daya sees continued stock underperformance across the cannabis space going into year-end, building on activity in the second and third quarters of 2021.

In an interview with John Lothian News, Daya notes the benchmark Solactive North American Marijuana Index is about 13% lower this quarter and is down close to 20% year-to-date, a move he attributes to disappointment that the U.S. federal reform that many were hoping for in early 2021 has not taken place and impatience with a regulatory process that remains mired in disagreement over its scope and depth.

Hemp Harvest Rolls to a Close Amid Less Than Average Yields In Several Regions

Hemp Harvest Rolls to a Close Amid Less Than Average Yields In Several Regions

-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.

JLN Reinforces Work From Home Strategy With Decision to Close CBOT Building Office

JLN Reinforces Work From Home Strategy With Decision to Close CBOT Building Office

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.

Hemp Prices Pause as Harvest Continues

Hemp Prices Pause as Harvest Continues

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.

Hemp Hangs Tough In July

Hemp Hangs Tough In July

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.

Look! Something New To Spoof

Look! Something New To Spoof

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.)

The Small Exchange Scores a First With Cannabis Equity Index Futures Contract

The Small Exchange Scores a First With Cannabis Equity Index Futures Contract

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.

It Is No Gamestop, But It Is Something

It Is No Gamestop, But It Is Something

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. 

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The Spread

Wall Street stocks steady after heaviest sell-off since 2020

Observations & Insight FIA's International Derivatives Expo is returning to The Brewery in London this coming 6-8 June. Standing still is not an option in today's evolving cleared derivatives environment. Without adapting to new products, processes, technologies...

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