Grain Futures End Mixed Amid Federal Reserve Fears

Grain futures ended Wednesday's session mixed, with corn taking the biggest hit. The December contract for corn fell by 1.5 cents to $5.34.25 due to profit-taking and some long liquidation ahead of the Federal Reserve decision.

The rain and flooding concerns in Iowa were expected to slow down harvest activity, which limited selling pressure on corn. However, soybeans managed modest gains, with November beans increasing by 1.75 cents to $13.20.50.

Soybean meal reached a two-and-a-half-year contract high due to recent crush data and Chinese demand. The strength in the market was tempered by sharply lower crude oil and pre-Fed positioning, which trimmed the gains of soybeans.