Yesterday, the Senate passed an omnibus funding bill to keep the government open through the end of the fiscal year. It cleared the Senate 68-31 and on Wednesday passed the House 361-69. Without it, the continuing resolution in place would have expired today. The bill provides $14 billion in aid for the Ukraine and $1.5 trillion for U.S. government operations. For agriculture, there is a total of $25.125 billion in discretionary funding. Appropriated/discretionary funding is essentially the operation fund for the government, as opposed to authorize/mandatory funding which is the program spending, such as crop support payments, conservation cost sharing and the like. Until this year, since 2011, discretionary spending was limited by the cap...
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.