Grains and the soy complex were trading factors other than interest rates today. Weather and technical considerations once again dominated grain markets, beginning with the overnight session. General Comments The U.S. Federal Reserve Bank concluded its June meeting with a statement emphasizing the U.S. economy has bounced back from its first quarter slump, but that it wants to see more improvement in the job market and inflation closer to its 2 percent goal before raising interest rates. This statement was largely as expected and is seen as preparing markets for a rate increase sometime this year. If the economy continues to improve, as it seems to be doing during the second quarter, many economists predict a rate hike at the Fed's Septem...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Biofuels, Farm Inputs, Equities, Energy