Fed raises interest .75. What does that mean for commodities? Corn and wheat move lower taking out war premium. Now what? Soybeans up with help from BO, technical buying and China demand hopes. AgDay’s Michelle Rook chats about Wednesday’s markets close with Ted Seifried of Zaner Ag Hedge.
Fed Raises Rates, Corn and Wheat Take Out War Premium, Soybeans Are Up Following Soybean Oil
Fed raises interest .75, corn and wheat move lower and soybeans are up with help from technical buying and China demand hopes. AgDay’s Michelle Rook chats with Ted Seifried of Zaner Ag Hedge.
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Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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