Not one of the 12 regular appropriations bills for FY 2016 needed to be passed by 1 October 2015 under regular order was finalized. In fact, this has been the case since FY 2010 when only one such bill was completed.The end of a congressional session is always chaotic, and this year is no different. The only sure bet with the pending close of this first session of the 114th Congress was that there would not be another short-term continuing resolution (CR) after the one passed 1 October, the eve of the new fiscal year, as a budget agreement reached later that month would be in place by its expiration today. The Republican congressional leadership pledged to restore “regular order” on the budget and appropriations process, and President Obama...
Key Takeaways: Soyoil futures have been trading at the highest levels since 2022. Higher crude oil prices have allowed biofuels to be more cost-competitive with fossil fuels. Recent U.S. biofuel policy, including 45Z, has been favorable toward soyoil as a feedstock. California will be limiting...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.