An initial spurt of buying that followed the very large export sales announcements from USDA/FAS put soybean prices up nearly 9 cents. Wheat futures, though, held onto the biggest gains today. General Comments The Fed ended its September meeting with the expected decisions to leave its key fed funds interest rate unchanged and to begin unwinding its huge balance sheet in October. Indications are that it is still on track to raise the rate one more time in 2017 (probably December) with three rate increases still expected in 2018. In her post-meeting press conference, Fed Chair Janet Yellen (again) ventured the opinion that low inflation was a temporary condition. She continued, though, that if it continued to persist, the Fed could change...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Biofuels, Energy, Australia, North America