The Congressional August recess is coming soon with the Senate scheduled to adjourn on 9 August. That means the next three weeks provide a busy legislative window to deal with President Biden’s infrastructure bill and the budget reconciliation bill. Senate Majority Leader Chuck Schumer (D-New York) has scheduled a procedural vote tomorrow on the infrastructure package. There is no bill drafted yet, however, and the procedural vote would need a 60-vote majority, so Schumer’s move is mostly to apply political pressure. There are groups of bi-partisan lawmakers working on various elements of the package, and even some Democrat Senators have questioned the procedural vote – but ultimately, it will likely break along par...
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...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
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.