Much of the Senate's budget, which will likely be released this evening or tomorrow morning before a 2:30 pm (EDT) markup, will be focused on Medicare, Medicaid, Social Security and other health programs.The Senate Budget Committee begins its markup of the FY 2016 budget tomorrow with a number of Agriculture Committee issues on the front burner. Those include the Supplemental Nutrition Assistance Program (SNAP), crop insurance and, potentially, Title I farm income support programs. As we wrote on 13 March, the spending under the new farm programs increases dramatically in 2017 to about $8 billion overall, which is more than $3 billion in excess of the old direct payment program that was eliminated. Had it been continued, corn, soybeans and...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.