Congress reached a deal on government funding for the rest of FY 2021 ($1.4 trillion) and to provide another COVID relief package totaling $900 billion. Two of the most controversial provisions that held up the COVID package – Democrats call for funding for states and municipalities and Republicans call for business liability protection – were dropped, so this is likely to not be the last COVID package. President-Elect Biden has said that this legislation is a “start” and he will likely propose another once in office. The agriculture provisions include: A general allocation of $11.1875 billion to the Secretary of Agriculture to remain available until expended to “prevent, prepare for, and respond to coronavir...
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
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.