Grain Futures Rise Overnight as Soybean Meal Hits 2.5-Year High; Fed Rate Decision in Focus
Grain futures moved higher overnight on September 16, 2026, led by a surging soybean meal market that reached a 2.5-year high. Corn, soybeans, and wheat also posted gains, while market participants awaited the Federal Reserve's anticipated interest rate decision. Ongoing heavy rainfall in the Corn Belt, elevated crude oil prices tied to Middle East supply disruptions, and developing U.S.-China trade talks added further context to commodity market moves.