Corn is the hottest market heading into the final week of August, according to Martinson Ag Risk Management President Randy Martinson. On this week’s What’s Hot What’s Not in the Markets, Martinson says corn pushed to new contract highs following results from the Pro Farmer Crop Tour. “What’s really hot, you have to say, is going to be the corn market,” Martinson said. “Corn put in new contract highs to close out the week, mainly because of what the Pro Farmer Tour found.” Soybeans also strengthened, while gold and financial markets remained firm. On the other side, cattle remain under pressure as traders weigh the possibility of additional beef imports and the reopening of the Mexican border. Martinson says soybean oil and canola also struggled as the market reacted to uncertainty surrounding EPA decisions on small refinery exemptions. Click here to listen to the full report.
