# CBOT weekly update: U.S. Fed decision one of many factors  - AgCanada

> The US Federal Reserve raised its key rate 25 basis points to 5.25-5.5% on July 26, a move largely expected by the trade. Grain futures were more influenced by erratic moves tied to Russia's exit from the Black Sea Grain Initiative and attacks on Ukrainian ports, plus mixed US rainfall.

- Date: 2023-07-26 · published 2023-07-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/35072-cbot-weekly-update-u-s-fed-decision-one-of-many-factors-agcanada
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Corn and wheat prices are being driven by Black Sea supply risk and US weather rather than the Fed decision, so buyers should expect continued volatility. Weak export demand for US corn and wheat could weigh on prices if it persists.

## Read by commodity

- CORN: neutral
- WHEAT: neutral

## Sources

- agcanada.com: https://www.agcanada.com/daily/cbot-weekly-update-u-s-fed-decision-one-of-many-factors

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.