Corn futures closed slightly higher on Friday. Weather forecasts look warmer next week for the western Corn Belt, but many areas picked up rain this week. Private production estimates ahead of the USDA's Production report next Friday will grab the market's attention next week. September ended 1/4 of a cent higher at $2.45 1/4 and December was 1/2 cent higher at $2.62 1/2.



Soybean futures ended slightly higher on Friday. Market action was choppy as traders focused on production forecasts and the weather outlook. The hot, dry forecast for next week is worrying traders but gains were limited by the relatively good production forecasts coming from the major consulting firms. September closed 1/2 a cent higher at $5.82 and November was 1 1/2 cents higher at $5.97.



Wheat futures closed higher on Friday. The wheat market traded in a choppy range this week, failing to find decisive direction but gaining a few cents. Market action could be viewed as somewhat positive as support levels held at the KCBT. Even so, the bull market still looks a bit weary and seems to lack inspiration to move higher. CBOT Sep was 3/4 of a cent higher at $3.96, KCBT Sep climbed 1 1/2 cents to close at $4.86. MGE September wheat was up 6 1/4 cents at $4.82 1/4.



Cattle futures were higher on the close Friday. Futures surged to the highest level since July 7. Higher cash cattle prices Thursday afternoon provided the fundamental spark to light the fuse. Technical buyers climbed on board as the October contract powered through chart resistance around $89. August was 195 points higher at $84.82 while October was up 125 points at $89.20. August feeder cattle climbed 155 points to close at $115.12.



Lean hog futures closed higher on Friday. Short-covering following the weakness on Thursday and spillover support from cattle helped rally futures. Cash markets were generally steady today, but with warm weather expected again next week, cash markets could be firm again on Monday. August ended 98 cents higher at $69.98 and the October contract closed 85 cents higher at $61.65.