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The U.S. Seasonal Drought Outlook expects La Niña to ease drought in the northern West Region while drought persists or worsens in the south. Most of the West remains in severe to exceptional drought.
Persistent drought across the western US Plains and Southwest raises the risk to hard red winter wheat and pasture conditions for cattle, which can support wheat and feeder cattle prices.
cpc.ncep.noaa.govDec 1, 2021After 322 past bullish weather events, Wheat (HRW) moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
