Grains close trading each day at precisely the hour that the Fed releases its decision. Thus, the first chance grains have to react to the Fed's decision is at 7:00 pm EST, when the grain markets re-open for evening trading. Gaps in the futures market are extremely rare, but this gap higher is solely a consequence of the Fed decision to inflate at any cost. The next time someone says that a weaker Dollar isn't inflationary, I'll show them this chart!The Fed's policy to deal with the economic crisis can be summed up in one word:
INFLATE!
