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Commodities

Grain Markets Rebound Ahead of Fed Meeting

Guavy AI Editorial Team
Instruments
Corn
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The grain markets rebounded on Thursday ahead of the Federal Reserve's interest rate decision. December corn futures rallied 6.5 cents to $4.80.5, near the daily high.

Corn bulls needed to show fresh strength after Monday's decline and they did just that to keep the price uptrend alive and maintain the bulls' confidence.

Soybeans also rose, with November soybeans increasing 6.25 cents to $12.20, near the daily high. However, September soybean oil fell to a three-week low of 70.14 cents per pound.

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