Corn futures closed steady to fractionally lower on Friday. The market remained range-bound today as weather prospects are mixed. Forecasts continue to call for well above normal temperatures this weekend, but scattered showers and cooler temperatures are expected by the middle of next week. August ended 1/2 of a cent lower at $2.37 1/4 and December was 3/4 of a cent lower at $2.53 1/2.



Soybean futures ended higher on Friday, recovering from Thursday's decline to one-month lows. Weather continues to be a large factor as much of the heart of the country is expected to be warm and dry this week although chances of rain exist next week. August ended 2 1/2 cents higher at $5.76 1/2 and November was 3 cents higher at $5.98.



Wheat futures were mixed on the close Friday. The market drifted to a mixed close in a quiet trading session. For the week, prices slipped rather sharply. Spring wheat harvest has moved into full swing, putting some fundamental pressure on the market. However, the setback attracted increased export interest to lend support late this week. CBOT Sep was 3/4 of a cent higher at $3.88 1/2, KCBT Sep fell 1 1/2 cents to close at $4.84, and MGE Sep was unchanged at $4.78.



Cattle futures were mixed on the close Friday. The market rebounded from early weakness to finish mixed. Late morning news that cash cattle were trading at steady prices compared to last week helped boost futures from the morning lows. However, lower boxed beef cutout values limited the recovery rally. August fell 12 points to close at $83.35 while October climbed 30 points to $88.15. August feeder cattle closed 5 points lower at $114.15.



Lean hog futures moved higher on Friday, but backed off of the day's highs. The price strength was mostly technical, but concerns that hot weather would hurt weight gains and disrupt marketings contributed to the price gains. August closed 88 cents higher at $68.65 and October was up 65 cents at $61.45.




Corn futures closed steady to fractionally lower on Friday. The market remained range-bound today as weather prospects are mixed. Forecasts continue to call for well above normal temperatures this weekend, but scattered showers and cooler temperatures are expected by the middle of next week. August ended 1/2 of a cent lower at $2.37 1/4 and December was 3/4 of a cent lower at $2.53 1/2.



Soybean futures ended higher on Friday, recovering from Thursday's decline to one-month lows. Weather continues to be a large factor as much of the heart of the country is expected to be warm and dry this week although chances of rain exist next week. August ended 2 1/2 cents higher at $5.76 1/2 and November was 3 cents higher at $5.98.



Wheat futures were mixed on the close Friday. The market drifted to a mixed close in a quiet trading session. For the week, prices slipped rather sharply. Spring wheat harvest has moved into full swing, putting some fundamental pressure on the market. However, the setback attracted increased export interest to lend support late this week. CBOT Sep was 3/4 of a cent higher at $3.88 1/2, KCBT Sep fell 1 1/2 cents to close at $4.84, and MGE Sep was unchanged at $4.78.



Cattle futures were mixed on the close Friday. The market rebounded from early weakness to finish mixed. Late morning news that cash cattle were trading at steady prices compared to last week helped boost futures from the morning lows. However, lower boxed beef cutout values limited the recovery rally. August fell 12 points to close at $83.35 while October climbed 30 points to $88.15. August feeder cattle closed 5 points lower at $114.15.



Lean hog futures moved higher on Friday, but backed off of the day's highs. The price strength was mostly technical, but concerns that hot weather would hurt weight gains and disrupt marketings contributed to the price gains. August closed 88 cents higher at $68.65 and October was up 65 cents at $61.45.