The House Republicans finally came around to electing a new Speaker, Representative Mike Johnson of Louisiana. Johnson said he’d like the House to pass the farm bill in December, “await Senate action” and then “begin negotiations (with the Senate) as soon as possible.” Senate Ag Committee Chair Debbie Stabenow has maintained that the Senate will bring up the farm bill in early 2024. The House now has 21 days before the stopgap funding runs out. They must either pass the eight remaining appropriations bills (out of 12) – and get consensus with the Senate by the deadline – or pass another continuing resolution (CR) to keep the government open. On Monday, before Johnson was elected on Wedn...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.