It has been a wild week for the markets trying to digest all the changes with trade.
President Trump is asking for patience through all of this, but lawmakers are already taking action. This week, Senators Ron Wyden and Rand Paul issued a resolution to stop the tariff plan, saying only Congress has tariff authority.
Also up for debate is legislation to stop emergency tariffs after 60 days unless Congress decides otherwise. Both measures have bipartisan support.
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Bill C-39 includes potential labor code changes and an extension of expanded railway interswitching.
U.S. cotton prices and demand are showing signs of improvement, but slow marketing remains a concern as the new crop approaches.
The proposed Union Pacific-Norfolk Southern merger could reduce transportation handoffs, but ag shippers also worry about fewer choices and higher rates.
President Donald Trump says U.S. trade officials are working on a major potash deal with Belarus, which could bring cheaper fertilizer to American farmers.
The bill authorizes projects affecting inland navigation, ports and other water infrastructure.
Strong export demand is expected to keep grain moving by rail despite a smaller corn crop.
