Overnight trade saw moderate volume and some modest weakening of grain and soy prices. The weaker prices prevailed at the resumption of trade this morning before quickly finding enough noncommercial buying interest to move them into positive territory. General Comments The U.S. Federal Reserve Bank’s Federal Open Market Committee (FOMC) meeting ended today. As expected, it left its interest rate unchanged. The Fed’s statement following the meeting was somewhat more upbeat than in December, including a forecast that inflation would reach the desired 2 percent level “in the medium term.” If it were not for uncertainties about the new Trump administration’s fiscal and economic policies, many analysts believe that the next rate hikw would com...