Markets remain relatively calm ahead of Wednesday's Federal Reserve rate decision, with the S&P 500 trading near 6666, down 12 points on higher-than-average volume. Traders anticipate a 25 basis point cut, with only a slim 3-4% chance of a 50 basis point reduction. Wheat futures gained significant attention, surging to their highest level since August 18. Several bullish factors support the rally, including increased Asian import commitments, a weaker dollar making U.S. exports more competitive, and USDA raising its wheat export forecast by 1 million tons to 24.5 million. Traders discussed positioning across agricultural commodities, with Thomas holding positions in wheat, corn and soybeans. The group noted that short-covering could accelerate if wheat breaks above the August resistance level of 534.6. Oil remains range-bound between $60-70 despite geopolitical tensions, while the U.S. dollar experienced its worst trading day since August 22.