Soybeans closed lower. May bean closed nine and 1/2 cents lower at $16.49 and 1/4, and July beans closed nine and 3/4 cents lower at $16.26. It was an up and down day for the complex with mixed movement for most of the day until everything closed some degree of down. The Fed raised short-term interest rates for the first time since 2018. Mixed news from China led to early losses that mostly rebounded by midday but then fell again by the close.

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