World Perspectives

Spending Bill and Biodiesel Tax Credit in Limbo

It’s been a tumultuous week on Capitol Hill. Congress faces a deadline of midnight tonight to fund the rest of the government and thereby prevent a partial shutdown over the Christmas holiday. Further, the fate of the biodiesel tax credit remains uncertain. Last evening the House passed a tax extender package that included the biodiesel tax credit extension and phasedown as outlined by WPI on 18 December. The Senate is unlikely to take this up before adjourning for this congressional session as it is trying to finish the funding bill. The House passed the legislation last night after adding amendments that require additional Senate consideration. Following is a recap of the action on the appropriations legislation:  The Senate...

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Summary of Futures

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.5225/bushel, down $0.06 from yesterday's close.  Jan 26 Soymeal closed at $298.4/short ton, up $0.2 from...

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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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