A messy overnight with row crops, Chicago wheat, and spring wheat slightly higher while KC wheat loses ground again vs the other wheats and finishes slightly lower overnight. Monthly US CPI 2.9 on avg guesses.
Wednesday January 15th, 2025  CPI monthly report came out this AM. CPI was 2.9% in line with expectations of 2.9%. Core CPI was 3.2 vs expectations of 3.3. So benign numbers. Macros as of 745AM CT responded by moving US stock markets higher and taking US interest rate futures screaming…