Corn futures settled mostly unchanged on Friday. The market was pressured slightly much of the day on a neutral to bearish Supply/Demand report. Instead of lower ending stocks, USDA raised them by 5 million bushels. The market moved towards unchanged as the dollar slipped slightly and as the stock market turned up. March closed unchanged at $5.74 1/4 and May was unchanged at $5.83.

Soybean futures closed lower on Friday. Technical selling and profit-taking weighed on futures. USDA’s Supply/Demand report was neutral as cut in ending stocks was expected. USDA lowered ending stocks to 165 million bushels from 185 million last month after raising exports by 20 million bushels. Losses in the soy complex were limited by strong export demand. USDA reported the sale of 56,000 tonnes of U.S. soybean oil to "unknown destinations". January was 8 1/2 cents lower at $12.73 and March ended 8 cents lower at $12.82 1/2.

Wheat futures traded lower on Friday. The Supply/Demand report was seen as bearish for the market. U.S. ending stocks were bumped 10 million bushels higher while traders were looking for a decline. Global wheat production and ending stocks revisions were also bearish. Global ending stocks were raised 4.2 million tonnes from last month. Losses at the MGE were limited by concerns about tight supplies of high quality wheat globally. CBOT March ended 13 cents lower at $7.75 1/2, KCBT March was 11 3/4 cents lower at $8.32 and MGE March was 4 1/2 cents lower at $8.69 1/2.

Cattle futures closed lower on Friday. Weakness in the cash market this week, losses in beef prices on Thursday and USDA’s increased beef production forecasts weighed on the market. USDA raised estimated beef production in 2010 by 315 million pounds. December ended 85 cents lower at $100.95 and February was 68 cents lower at $103.95.

Lean hog futures traded mostly lower on Friday. The spot December contract was up slightly on the firm cash market trade the second half of the week. However, deferreds were lower on speculative selling and on the premium of deferred contracts to the nearby. Concern that pork demand will slow once wholesale buying ahead of the holidays is complete was also bearish for deferred contracts. December closed 3 cents higher at $69.45 and February was 75 cents lower at $75.15.