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Grains are expected to have a quiet, mostly firmer open as traders look for guidance from crude oil and the outside financial markets. In the Headlines A much anticipated Federal Open Market Committee meeting will be held starting on Tuesday this week, with the central bank chairman set to announce any policy chances on Wednesday afternoon. The futures market is about 98 percent certain that the fed funds rate will not change this month, with investors now pricing in odds of about 55 percent that the Fed’s interest rate will drop following the June meeting. Russia is holding a presidential election over the weekend that is all but guaranteed to grant Vladimir Putin another six more years in office. There were reports of attacks attempted by Ukraine as well as various acts of protest by Russians opposing Putin. Russia carried out one of the deadliest attacks in several weeks on Friday, targeting Ukraine’s key port city of Odessa. Ukraine’s ability to export grain out of the Black Sea remains largely unrestrained amid the ongoing war with Russia, which has contributed to price pressure in the U.S. corn and wheat markets. Large crops and a need for cash to fund the…

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