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Senator Conrad Unveiling the Farm Bill

Retiring Senator Kent Conrad (D-North Dakota) is a busy guy in his last year in office. He is chairman of the Senate Budget Committee, and therefore in the throes of all the deficit and debt debates. In response to Republicans who said that Senate has not passed a budget resolution (as required by the 1974 Budget Act) in the last two years, he has been defending the work that has been done on deficit reduction via the 2011 Emergency Deficit Reduction Act. He's also taken the GOP presidential candidates to task for attacking the sugar program in a debate in Florida. And, he is writing a new farm bill proposal. Conrad, of course, was essentially the driving force behind the 2002 and 2008 Farm Bill drafting. (The latest USDA statistics show...

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Friday’s CFTC report showed funds expanding long positions across the major ag futures contracts for the tenth straight week. Funds added 67,000 contracts (7.7 percent) to their all-ags net long position – nearly doubling the prior week’s purchases - with buying in corn and so...

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May 26 Corn closed at $4.5425/bushel, down $0.035 from yesterday's close.  May 26 Wheat closed at $5.975/bushel, down $0.1875 from yesterday's close.  May 26 Soybeans closed at $11.685/bushel, down $0.025 from yesterday's close.  May 26 Soymeal closed at $318.2/short ton, up $1.8...

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Friday’s CFTC report showed funds further expanding long positions across the major ag futures contracts for the ninth straight week. Funds added 32,000 contracts (3.8 percent) to their all-ags net long position – a much smaller effort than the prior week’s 244,000-contract bu...

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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.

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