Commodity Analyst Forecasts Soybean Strength, Cattle Weakness Amid Shifting Acres and Dollar Dynamics
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Naomi Blohm joins to discuss commodity markets, including her outlook on soybeans, corn, cattle, and more. She analyzes technical resistance and support levels.
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Weakness in the dollar recently could be positive for ag exports if it continues. Dropping dollar helps demand.
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Blohm thinks soybean acres will likely increase next year compared to corn due to strong bean prices. Weather issues in South America could further support beans.
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Cattle market unlikely to reach previous highs again soon. Herd rebuilding and imports have hurt prices. Some recovery bounces expected.
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Drier weather recently means soils are not as recharged. Could lead to rally potential next summer if dryness continues into spring.