Attention shifts to South America

Now that the initial reaction to the U.S. election is out of the way, the trade is starting to focus on traditional fundamentals for price discovery. 

The immediate one will be what we are seeing for U.S. crop sizes as harvest is winding down in much of the country. Not only can this impact futures but basis as well, as we now have a better idea how many bushels are being held and how many are being sold....