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We kickoff the day with Fed Cool Speech at 7:50 A.M., Consumer Inflation Expectations and Export Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction at 10:30 A.M., Monthly Budget Statement and IBD/TIPP Economic Optimism at 1:00 P.M., and Crop Progress at 3:00 P.M.

The new week begins with the grain futures being mixed in the early going. The markets are hinting at what is ahead with demand destruction. The futures markets are directing us to what is ahead of us as we are getting signals from the food and energy sectors that no is right. The game-changer is right in front of our faces with political changes and global weather hinges on global markets and demand and participation.

Australian and South American weather has the futures market attention, corn, soybeans, and wheat keep us going and global supply and demand never change these markets. In the overnight electronic session, the December corn is currently trading at 468 which is 4 cents higher. The trading range has been 468 to 461.

Also, we had flash sales of 143k metric tons of corn to Mexico & 264K metric tons to China.

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Food & Inflation - The Corn & Ethanol Report
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