Corn futures were higher on Friday. Concern about the slow pace of planting in the eastern Corn Belt, strength in crude oil and weakness in the dollar were supportive factors. Planting delays are expected to trim yield potential and will likely prevent some acreage from being planted to corn. Weekly export sales reported this morning were above trade expectations, although shipments were below the pace needed to reach USDA's export forecast. July closed 7 1/2 cents higher at $4.36 1/4 and December ended 7 cents higher at $4.59 1/4.



Soybean futures closed higher on Friday. Tight stocks and solid export demand were again supportive for the soybean market. The decline in the dollar was also a bullish factor. The weekly export sales report this morning showed shipments above the pace needed to reach USDA's export forecast. July ended 5 cents higher at $11.84 and November was 9 1/2 cents higher at $10.62 1/2.



Wheat futures ended higher on Friday. Commodity fund buying pushed prices higher amid the sharp drop in the dollar index. Production concerns for winter and spring wheat were also supportive factors. Early harvested HRW wheat yields have been low and wet weather in the Midwest is expected to raise disease problems for the SRW wheat crop. Spring wheat planting delays remains a supportive factor for the MGE. CBOT July closed 6 3/4 cents higher at $6.37 1/4, KCBT July was 6 1/4 cents higher at $6.87 and MGE July was 4 1/2 cents higher at $7.72.



Cattle futures were lower on Friday. Spillover weakness from sharply lower hog futures and disappointment over the cash trade this week weighed on futures. Cash trade developed at $84, down $1 from last week. Boxed beef prices continue to slide. At midday, choice cutouts were down $1.12. June closed 18 cents lower at $81.33 and August was 3 cents lower at $81.83.



Lean hog futures closed sharply lower on Friday. Fund selling weighed heavily on the market with the July and August contracts hitting new lows. Concern about slow exports and sluggish domestic pork demand weighed on futures. Pork cutouts have eased lower this week. June ended $1.28 lower at $63.93 and August fell $2.15 to $65.98.