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Pro Farmer reports the House Ways and Means Committee worked through a $3.8 trillion tax package aimed at making the 2017 tax cuts permanent. Negotiations over the state and local tax deduction cap were ongoing, with leaders aiming for House passage by Memorial Day.
Tax and farm provisions in the package affect farm income and investment, but the tax debate has little direct effect on feed commodity prices.
profarmer.comPro Farmer EditorsMay 14, 2025After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
