Thursday, May 25, 2017 2:38PM CDT
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.
Thursday, May 25, 2017 2:33PM CDT
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.
July corn was up 1 cent, July soybeans were up 2 1/4 cents, and July Chicago wheat was up 1 3/4 cents.
Look for live and feeder cattle contracts to open a mixed basis thanks to a combination of follow-through selling and short covering. Lean hog futures should also begin with mixed price action tied to light bull spreading and pre-holiday positioning.