Minor strength continues this morning, following 1-2 cent gains on Friday, as the market prepares for the election on Tuesday and USDA reports on Wednesday. Funds liquidated 8k contracts more of the net short position than daily estimates showed as of 11/1, putting funds 116k contracts short at the end of that day. The move by Egypt to devalue its currency this week, will greatly hurt the buying power of the country in the global market, as the Egyptian pound lost more than 65% of its value. Weekend rains were a disappointment for W. KS and E. CO, while C. KS, OK and TX saw varying amounts. The system will move out of the eastern Plains and into the Corn Belt today and tomorrow. Cash markets are holding their footing so far in November, but exports are slowing which leaves mills as the market driver. Outside markets are stronger on political news, with the USD up 570 points, Crude up 50 points and S&P up 29 points.
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