Grains Ignore The Stock Market, For Now

The focus on today's market action was the 5% slide for the tech heavy NASDAQ stock market index. The broader market S&P 500 fell 3%. Traders are skeptical that the coming June 14-15 FOMC meeting will limit itself to another 0.50% rise in short term interest rates. The private trade is talking of 0.75%. For us on the grain side we remain uncommitted to any potential impact. The main direct pathway would be if energy prices slide in the future. Monthly employment is out tomorrow morning.

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