March Corn, Soybean, and Chicago Wheat futures all finished lower as the trading year approached its conclusion. The USDA announced a series of flash sales totaling 467,000 metric tons of soybeans for delivery to China and unknown destinations. In South America, private agencies revised December export estimates for Brazilian soybeans down to 3.02 million metric tons, while corn export projections remained steady at 6.35 million metric tons. Traders were also reminded to manage positions in January Soybean futures ahead of the upcoming delivery period.
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