# Chicago grains ease as weather, Fed decision in focus | Financial Post

> Chicago soybean, corn and wheat futures slipped on Wednesday as traders weighed South American weather and awaited a Federal Reserve rate decision. Soybeans were supported by US export sales to China and an Algerian wheat tender, while record Brazilian crop prospects limited gains.

- Date: 2022-12-14 · published 2022-12-14T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5519-chicago-grains-ease-as-weather-fed-decision-in-focus-financial-post
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expectations of a large Brazilian soybean harvest and a firmer US dollar tend to cap soybean and meal prices, while Chinese buying offers support.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/chicago-grains-ease-as-weather-fed-decision-in-focus

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