Monday, September 21, 2020 1:20PM CDT
The official NOAA mid-September outlook calls for no drought easing in affected areas of the Midwest and Plains over the next three months. DTN forecasts lean even drier with expectations for below-normal precipitation through almost all the central and eastern U.S. except for northern New England.
December corn is down 2 1/4 cents per bushel, November soybeans are down 5 1/4 cents, and December KC wheat is down 3 1/2 cents.
The bounce in cash cattle trade is creating additional expectations for additional support through the end of September. This is likely to focus on trader's positioning for further cash price gains later in the week.