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Basis remains above average for both corn and soybeans.
Fed officials projected the federal funds rate will rise to 5.1% by the end of 2023, up from 4.6% projected in September.
Grain, soybean futures lower as market eyes S. America weather, waits for Fed decision.
Congress getting closer on omnibus spending accord likely completed next week
Corn, soybean and wheat futures traded solidly lower overnight despite supportive outside markets.
Soybean futures surge behind fresh export business, Argentina dryness; corn fades from initial gains, wheat mixed.