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Corn futures mildly built on Wednesday’s gains overnight, while soybeans and wheat traded mixed.
Today’s 75-basis-point increase to interest rates signals the Fed has grown increasingly concerned with inflation, though it is still playing catchup.
Corn basis continues to firm. The national average cash price is now just shy of $8.
Nearby corn futures rise near three-week high on firm demand; winter wheat lower amid harvest pressure.
Fed may raise rates more than originally expected, Russia’s oil revenues soar despite sanctions and cash cattle trade firms...
Nearby soybean futures fall near two-week low, grains also under pressure amid recession concerns.