Corn futures ended steady to fractionally higher on Friday. Strong weekly export sales of 48.1 million bushels provided support. However, gains were limited by concern about feed demand following Japan reimposing the ban on U.S. beef imports. March ended unchanged at $2.05 and May was 1/4 of a cent higher at $2.15.



Soybean futures closed higher on Friday. Strong weekly export sales helped rally prices along with technically oversold conditions. Export sales of 47 million bushels were a marketing year high and nearly three times above the previous week. March ended 3 cents higher at $5.68 and May was 3 cents higher at $5.77 3/4.



Wheat futures ended mixed on Friday. The market was lower most of the day before recovering into the close. Weekly export sales of 12.9 million bushels were on the low end of trade expectations. Despite the slow export pace, some strength came from reports of export business with Iraq. CBOT Mar was unchanged at $3.26 1/2. KCBT Mar was 1 cent higher at $3.84. MGE March wheat was 1/4 cent lower at $3.89 3/4.



Cattle futures closed lower on Friday after a choppy session. Weakness was attributed to Japan halting U.S. beef imports. Strong cash markets this week and ideas that the import ban would be temporary limited losses. Traders were also preparing for the Cattle on Feed report. February ended 35 cents lower at $95.78 and April was 53 cents lower at $94.13.



Lean hog futures closed higher again on Friday. Word that Japan would revive the ban on imports of U.S. beef gave traders hope that U.S. pork exports would continue to surge. Further improvement in cash prices was another factor supporting hog futures. February closed 60 cents higher at $59.25 and April was 33 cents higher at $63.90.