Federal Reserve adds support for livestock. March 17, 2021
The Federal Reserve wrapped up its two day meeting of the Federal Open Market Committee. Their 1 pm Central statement suggested they see strong economic growth this year but intend to keep short term interest rates near zero through 2023. They see the US economy, as measured by GDP, growing by 6.5% this year. The prior three years of growth were +3.0% in 2018, +2.2% in 2019 and -3.5% in 2020.
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Possible light fund short covering yesterday
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Funds sellers of 21K, slightly higher support due to exports
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SA maps still look solid for rains in the 10 day
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Trade expects strong exports and more 8 AM announcements
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