Wednesday, February 21, 2018 11:40AM CST
The Tax Cuts and Jobs Act significantly changed how agribusiness looks at depreciation. Bonus deprecation was one of the few items in the new law that applies retroactively. Under the new law, annual depreciation limits on passenger autos also increase significantly.
Tuesday, February 20, 2018 8:28AM CST
The president of the National Grain and Feed Association expressed disappointment that Congress so far hasn't been able to change the new tax provision that is disrupting the grain trade.
March corn was 1 cent higher, March soybeans were fractionally lower, and July Kansas City (HRW) wheat was 3 cents lower.
Follow-through buyer support is expected to slowly but firmly develop across lean hog futures trade. Initial activity is likely to remain sluggish with limited volume in all livestock trade through most of the morning.