Corn futures were higher Friday along with gains across the grain floor. Spillover support from wheat and soybeans helped rally the market. Strong demand remains an underlying supportive factor. However, rally attempts are being limited by caution ahead of harvest. December futures closed up 4 1/2 cents at $2.41 3/4. March 07 futures settled 4 1/4 cents higher at $2.55 1/2.



Soybean futures closed higher on Friday. Support came from short-covering, firming cash markets, and forecasts for cool and wet weather that will slow early harvest progress. However, gains were limited by commercial selling and weakness in the soybean oil market. November futures settled 6 3/4 cents higher at $5.52. January was 3 3/4 cents higher at $5.62 1/2.



Wheat futures rebounded to close higher on Friday. Futures finally halted this week's steep slide. After a steady open, the market dipped to daily lows in early trading but the weakness attracted short covering and bargain hunting to turn the market higher. CBOT Dec was 2 cents higher at $3.92 1/2. KCBT Dec climbed 3 1/2 cents to close at $4.62 1/2. MGE Dec was up 2 cents at $4.42 1/4.



Cattle futures closed higher on Friday. The market finally managed to halt the recent steep break, rebounding on short covering after futures had become oversold. News that cash cattle were trading at $88.50 and a continuation of the heavy slaughter pace helped stabilize the futures market. October gained 87 points to close at $90.12. December was 50 points higher at $90.35. October feeder cattle were up 72 points at $116.02.



Lean hog futures closed higher on Friday with the rally fueled by short covering and bull spreading. After the significant price declines the last couple of days, some traders decided to take profits ahead of the weekend. October closed $1.25 higher at $66.00 and December was 40 cents higher at $63.45.