The CBOT was mostly lower at mid-week with pronounced weakness in energy markets and technical/fund selling driving the soy complex sharply lower. Corn futures dipped lower in early trade but found a late-day surge after the Fed’s interest rate decision. Wheat futures were mixed with KCBT and Minneapolis wheat trading higher while the CBOT market was lower for most of the day before recovering slightly in late-day trade. Again, fundamental news was light beyond additional projections for the Brazilian and Argentine crops and weather and disappointment over the lack of a daily export sales announcement.  The major fundamental update for the day was the U.S. Federal Reserve’s move to increase interest rates by 0.25 percent (...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, North America, South America