Prices will be slightly higher to start this am, about 1-2 wheat, 2 corn and 3-5 beans. The $ is a little lower currently, providing modest support for grain prices. There could be a little tentativeness in all commodities markets today ahead of the US Federal Reserve Board's policy and interest rate anouncement at 1:15 pm central time. No rate change is expected but depending on what the Fed statement says (and how it says it) the $ could be impacted, which would influence all commodities, including grains.

Egypt is in the market for optional origin wheat with a decision expected shortly before our market opens at 9:30 am central time.

Southern Brazil will see light, scattered rain in some parts of the region the next few days, which isn't welcome. The north benefited from up to 3/4" the last 24 hours with more expected the next 3 days. Argentina enjoyed scattered rain the last 24 hours, up to 3/4". More scattered rain is expected today-Sunday with around 65% coverage of up to 1", all of which will be welcome.

The midwest was mostly dry the last 24 hours. The west will stay mostly dry today into early next week. The east will be dry the next few days but light snow is possible Sat-Mon.