Farmers say changes in tax laws turned their once-beneficial C corporations upside down, and now they're getting out. But without careful planning and expertise, converting to an S corporation or other structure can result in a hefty tax bill.
What DTN Is Watching
There are no official reports on Tuesday's docket, but traders will be watching the latest weather forecasts and any for any news of export sales or grain imports into the U.S.Weather
Light to moderate rain is in store for much of the Southern Plains through the Delta Tuesday. The rain offers moisture benefit for wheat and cotton. Some flash flooding is also likely in the lower Delta. Other crop areas will be dry with frost and freeze potential early morning in the northern Midwest.
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