It was a turnaround Tuesday

Corn and soybeans reversed Monday’s losses as inflation metrics and southern South American weather continues drier into the new year. The PPI numbers released higher than expected numbers yesterday morning and since this is a precursor to higher CPI numbers to follow next month and beyond. The 2 day fed meeting will conclude this afternoon and Chairman Powell will have a press conference afterwards to detail policy moving forward. We are expecting talk of raising interest rates to tame inflation so we may actually see some volatility spill over into Ag markets. Look for firm pricing to start the day. NFC Grain Comments 12.15.21