The grain and soy markets had little at stake in the Fed’s rate hike other than the potential impact it might have on the U.S. dollar. However, soyoil gained 12-16 points with the support of the Malaysian palm oil market’s strength. Meanwhile, most of the pressure on soybean prices came from a weather forecast. General Comments As was thoroughly expected, the Federal Reserve Bank raised its fed funds interest rate by a quarter-percent, between 0.50 and 0.75 percent, as it closed the last Federal Open Market Committee (FOMC) meeting of 2016. It cited improvement in jobs, inflation inching closer to its 2 percent target and a generally improving U.S. economy as the rate increase received unanimous support. The analytical focus was not on to...