Lots of concerns around any commodity inclines in the coming weeks due to the East and Gulf Coast...
Speaking of the weather, latest weather forecasts are calling for a 71 (think Trent Williams) percent chance of a La Nina pattern taking hold before the end of November. On the surface (embrace the pun), La Ninas typically aren't viewed as positive news for crop yields and pasture conditions in the U.S. and South America. That said, history suggests a less severe La Nina this winter (which is forecasted) is not detrimental for pasture conditions in the U.S. And as the chart at top shows, we need good weather this winter as current pasture conditions are some of the worst in the last three decades. Kinda important for any progress with the cattle rebuild.
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