Corn, soybeans, and cattle continue to lead the markets, according to Randy Martinson of Martinson Ag Risk Management in Fargo. Martinson says both corn and soybeans are trading near the top end of their ranges and pressing against strong resistance levels. While neither market has broken through, they have avoided major selloffs and continue to test those highs. Cattle futures are in a similar position, repeatedly challenging resistance while holding near the upper end of their trading range. Gold has posted a solid recovery, and bean oil has pushed to new contract highs, with canola also showing strength. On the downside, wheat remains the weakest performer. Click here to listen to the full report.
