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May 25, 2017
Congress is debating the idea of a border adjustment tax on imported goods as an offset for lowering corporate tax rates. Proposals have suggested implementing a tax on imported goods as high as 20%. Industries have different takes on the possibilities of a BAT, depending on whether the companies rely more on exports or imports.
In a low-volatility grain market environment, prices on any one day can seem just as unappealing as the next, making it hard to get motivated to make timely sales. Perhaps there is a best time of day or best day of the week to serve as a trigger for those decisions.
Planting and emergence for both corn and soybeans were running close to the average pace last week, making USDA's weekly Crop Progress report neutral for both crops.
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