Large purchases from China during week ended Dec. 7 boosted wheat sales to 1.5 MMT during the week, a marketing-year high. China's purchases totaled 1.12 MMT during the week.

Corn and wheat futures posted mild corrective gains throughout the overnight, while soybeans traded on both sides of unchanged.

Basis firmed for both corn and soybeans

Cash ethanol and diesel prices continue to drop.

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New economic projections show a notable shift in tone and outlook to dovish.

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