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).
Over the past five- and 10-year periods, corn, soybeans, canola and hard red spring wheat have achieved higher prices on average over the month, while pulse prices tend to slip lower in June based on historical data.
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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