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Monthly banker survey finds strong farmland values
Grain, soybean futures end lower as profit-taking emerges in wake of recent strong rallies; cattle at 2 1/2-month high.
While there are lysine shortages, the price rally is likely as much speculative-driven as it has to do with fundamentals.
The NWS forecast calls for above-normal temps and below-normal precip over most of the Southern Plains from December through February.
Drier weather in the southwestern United States, western Great Plains, and Southeast led to drought conditions developing or worsening for parts of these regions.
Wheat futures extend rally on signs of stepped-up exports, corn and soybeans also firmer.