As it is Tuesday, grain and soy futures markets moved in opposite directions from Monday’s price action. Grain prices weakened, while soybeans gained back part of yesterday’s losses. General Comments The U.S. Federal Reserve Bank’s Federal Open Market Committee (FOMC) began its October policy meeting today in the wake of recent economic data indicating that the U.S. economy may be slowing and that inflation was well below its 2 percent goal. In light of the negative input, it is now considered unlikely that the Fed will raise interest rates tomorrow. What analysts will be looking for as they parse the Fed’s statement is any clue about what it might do at its next meeting in mid-December. Although Fed Chairperson Janet Yellen earlier all b...