Texas hemp growers are asking Governor Greg Abbott to veto a bill that would ban hemp sales in the state.
Industry groups collected nearly 150,000 signatures over the bill, which bans hemp-derived products. The Texas Hemp Business Council warns that if signed into law, it could wipe out $4 billion in revenue each year, along with more than 50,000 jobs.
They also warn a ban could open the door for more unregulated products in the state.
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Year-round sales of E-15 are another major topic on Capitol Hill, which, according to Rep. Adrian Smith (R-NE), is one issue up for debate this session with significant bipartisan support.
American Soybean Association President Caleb Ragland joins us to share his reaction to September’s WASDE and discuss the trade uncertainty between China and his industry.
Bottom line: Despite all the efforts advocates make, workers are still making less money.
Harvested acres are estimated at 90.0 million, making this year’s corn crop one of the largest since the 1930s.
China has been largely absent from U.S. markets lately, but not when it comes to cotton. It’s a buy that, traders say, isn’t surprising given China’s limitations.
