Grain and soy prices traded slightly firmer overnight, but they faded to red early in the day session and stayed that way through the close. Some of the weakness may have been related to the Fed’s impending rate cut even though it was so widely expected. General Comments Finally! The U.S. Federal Reserve Bank raised its fed funds rate 0.25 percent, which puts it in a range of 0.25-0.50 percent. The Fed lowered the rate to near zero in 2008 during the depths of the financial crisis, and that is where it remained for more than seven years. The last time the Fed raised its interest rate was in June 2006 – nine-and-a-half years ago. Large U.S. banks were quick to raise their prime rates a like amount following the Fed’s announcement. It is a...