Ingredient markets

GRAIN MARKETS: Corn, wheat rise a bit, while soybeans slip

Fed interest rate increase had little impact on crops.

Crop futures wobbled a little after the Federal Reserve Bank said it would raise a key interest rate 0.25% but then settled back to where they were prior to the 1 p.m. announcement, with corn and wheat futures a little higher for the day and soybeans lower.

Soybeans were higher early in the day but moved lower following the late-morning release of a smaller-than-expected monthly soybean crush figure from the National Oilseed Processors Assn. (NOPA).

Results of Egypt wheat purc

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