GOOD MORNING, Happy Veteran's Day, and thank you for your service. The November report, typically a quiet data set, offered up a few surprises that not only validated fund long positions but sent prices higher for everything but wheat.  Given tighter balance sheets, SA weather and demand are critical to price.  Funds were big buyers yesterday of around 30K corn contracts and 30K beans. Beans:  

No increase in the export forecast Ending stocks lowered to 190 million bushels A very tight stocks-to-use ratio of 4.2%, which supports prices Argentine production down 2.5 mmt 

Corn:  

Disappearance raised by 250 million bushels Exports raised 325 mln bu to 2.650 bln bu Chinese corn imports raised...