Trading during the day session was quiet, and price action was choppy. The corn market does not seem to know what to do, so it trades narrow ranges in which prices do little. This will no doubt change, but there is a growing list of questions awaiting answers. General Comments To the surprise of no one, the Fed ended its May meeting this afternoon with its key interest rate left unchanged. In a statement following the meeting, the Fed acknowledged some recent negative U.S. economic signals such as low gross domestic product (GDP) growth, less consumer spending, lower factory orders, etc., but it described these as “transitory.” It expects improvement during the second quarter and indicated no change in expectations for two more rate incre...