While the U.S. crop was judged higher, as was U.S. carryover, the more important decline in world stocks led the market higher. Thus, as expected, the long held five cent trading range 65-70 (+/-) cents will continue, most likely into the December supply demand report on December 12, 2017. Further, there is presently little reason to expect the very tight 67-70 cent range to be broken, other than such a narrow range is typically short lived.