The National Weather Service (NWS) 90-day forecast continues to call for increased chances of below-normal precip across most of HRW wheat areas during the January through March period.
As of Dec. 13, 78% of the U.S. was experiencing abnormal dryness/drought, according to the U.S. Drought Monitor, seven points below the peak at the beginning of November.
Soybeans and soymeal are under hefty pressure with corn and wheat moving higher. Live cattle futures are choppy with feeders under pressure while lean hog futures soften.
