In May, the House or Representatives passed the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act - the fourth COVID-19 relief package, which then stalled in the Senate over its size and scope. The original HEROES Act was a $3.4 trillion bill but it has been revised to a $2.2 trillion package that will come to the House floor again soon. Some of the trimmed spending comes in the ag area; there are no additional payments for program crops like the original HEROES Act provided. However, there is relief for ethanol and biodiesel producers which will make them a little more financially flush to resume feedstock purchases. For the period of 1 January through 1 May, biofuels producers would be eligible for $0.45 multiplied b...
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.