Fed’s interest rate hike impacts on commodity markets 💹 | Weekly Market Roundup | June 17, 2022

June 17th, 2022

The Federal Reserve this week revealed its largest single interest rate increase in 28 years.

Interest rates, coupled with recent severe weather, continue to be a focus of market analysts.

Mike Zuzolo of Global Commodity Analytics and Jeff Peterson of Heartland Farm Partners weighed in on this week’s market activity.

🟢🌽 July corn closed up 11 cents
🟢🌽 December closed up 10 cents

🔴🌱 July soybeans closed down 43 cents
🔴🌱 November soybeans closed down 30 cents

🔴🌾 Kansas City July closed down 57 cents

Markets will be closed on Monday due a federal holiday.

The Weekly Market Roundup is presented with support by the Nebraska Soybean Board.