New-crop canola came close to testing its contract high Friday while remains in a sideways trading pattern. Futures spreads in the 2016/17 crop year reflect a bullish sentiment ahead, despite the beneficial rains that hit the western Prairies and more in the forecast.
Ask a room of 200 agricultural CPAs if Congress will tackle tax reform after the election and only one or two brave souls raise their hands. Revolutionary style tax laws see daylight only once every 30 years or so, if the 1954 and 1986 laws establish a pattern.
While smaller tractor sales are up, all other size tractor as well as combine sales saw double-digit declines in the April compared to last year, according to the Association of Equipment Manufacturers (AEM).
U.S. soybean export sales and shipments as of the first week of May as a percent of the USDA's May WASDE export projection and change in U.S. exports from that May WASDE report to the final figure in million bushels.
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