Corn futures settled mixed to mostly lower on Friday. Corn prices were up and down much of trading today. Corn futures were up dry weather concerns across the U.S. Corn Belt and Southeast production regions. The July contract led the way up as much as 22 cents. However, the market couldn’t ward off the negative pressure from outside markets. Weekly export sales for old/new crop corn (282,700 tonnes) were well below expectations, which was bearish for the market as well.

Soybean futures settled mixed to mostly lower on Friday. Soybeans futures showed signs of recovery, lead by a surge in the July contract. Traders anticipate the rise in the July contract can mostly be attributed to beginning of the month fund buying and dry weather forecasts in key production regions in the coming weeks. Deferred contracts declined on negative U.S. jobs and weak Chinese manufacturing data. Weekly export sales were bearish. USDA pegged weekly exports sales at 418,000 tonnes, below expectations of 450,000 to 650,000 tonnes.

Wheat futures settled 10 to 30 cents lower on Friday. Another tough day in the wheat market. Wheat prices plunged to their lowest level in more than two weeks. The market was heavily pressured by macro economic factors. The euro zone debt crisis, disappointing U.S. jobs and Chinese manufacturing data prompted investors to sell off risky assets across commodity and equity markets, depressing prices. Weekly export sales were bearish at 319,300 tonnes, below expectations of 350,000 to 500,000 tonnes.

Cattle futures closed higher on Friday. Cattle futures rebounded to close higher after trading choppy earlier in the day. Cattle prices were supported the strong export sales data. Beef exports sales were up 41 percent from the previous week at 20,300 tonnes. Cattle prices were also supported by strength in the hog market

Lean hog futures closed mixed but mostly higher on Friday. Hog prices were met with some push back as profit taking early in trading caused a slight decline in futures. However, nearby contracts bounced back and remained steady on the close. Thursday’s higher cash and wholesale pork prices supported the market. Sharp declines in the U.S. stock market and the on-going euro zone debt crisis pressured prices, limiting gains.