On Sunday, the U.S. House of Representatives convened the 117th Congress and narrowly re-elected Representative Nancy Pelosi (D-California) as Speaker amid some COVID drama. A plexiglass box was built on the House floor from which members who were otherwise in quarantine from being exposed to COVID (but not yet tested positive) could vote. That included two Democrats and one Republican. Three members were not present for the vote; one Democrat (who has cancer) and two Republicans who tested positive for COVID. One Democrat from Wisconsin whose quarantine was up travelled at midnight to be present for the vote. The current party split is 222 Democrats to 211 Republicans with two seats open, so there are 433 votes, from which the successful...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.