Corn futures closed near unchanged on Friday. The market was supported at times by firm cash markets and slow farmer selling despite good harvest progress. Also, outside markets were supportive as the dollar index was lower and the stock market and crude oil were higher. However, trade eased into the close on the continued uncertainty about the global economy. December ended 1/4 of a cent lower at $6.49 1/4 and March was 3/4 of a cent higher at $6.60. 

Soybean futures settled lower on Friday. Futures were supported at times by outside market support and reports that soybean planting in Argentina are falling short of expectations. Harvest progress remains strong, but farmer selling has been light and basis levels are firm. But long liquidation ahead of the weekend and uncertainty about the European Union debt-crisis summit weighed on trade into the close. November ended 12 3/4 cents lower at $12.12 1/4 and January was 9 3/4 cents lower at $12.20 3/4.

Wheat futures ended mixed on Friday. The market closed mixed with early support from weakness in the dollar being countered by long liquidation ahead of the weekend as traders are uncertain what the European Union debt-crisis summary will result in. Forecasts for some rain in the southern Plains helped pressure the KCBT. CBOT December closed 1 1/4 cents higher at $6.32, KCBT December was 2 cents lower at $7.23 and MGE December was 1 3/4 cents higher at $9.19 1/4.

Cattle futures closed higher on Friday. Positioning ahead of the Cattle on Feed report and outside market support helped push futures higher. Cash trade developed yesterday at $120-$121, up about $2 from the previous week. Short-bought packers were forced to raise bids despite poor margins. October closed 48 cents higher at $121.93 and December was 35 cents higher at $122.15. The report released after the close was slightly bearish. On feed numbers were up 5% from last year while placements were unchanged. Both numbers were slightly above pre-report trade expectations.

Lean hog futures traded lower on Friday. Profit-taking and some lower cash prices weighed on futures. Futures eased ahead of the weekend after hitting new contract highs in many contracts earlier in the week. Packer margins remain favorable, but have tightened some recently. December ended 33 cents lower at $89.65 and February was 48 cents lower at $92.03.