Corn futures closed higher on Friday. Fund buying and renewed optimism over ethanol demand supported the market. Strong export demand the past few weeks has also give the market fundamental support. March ended 4 3/4 cents higher at $2.25 1/4. May closed 4 3/4 higher at $2.35.

Soybean futures closed higher on Friday. Gains were attributed to spillover support from corn and wheat markets. Technical support and some fund buying interest helped push prices higher in thin volume. March ended 10 3/4 cents higher at $5.94 3/4 and May ended 10 3/4 cents higher at $6.07 1/2.

Wheat futures were strongly higher on Friday. The market continues to be supported by fund buying, but export news and concern over persistent dry weather across the southern Plains are also positive factors. CBOT Mar was 9 1/4 cents higher at $3.56 1/2. KCBT Mar was 8 3/4 cents higher to close at $4.11 1/2 and MGE Mar was up 4 1/2 cents to $4.04 1/2.

Cattle futures ended lower on Friday and were down sharply lower for the week. Fundamentals remain bearish following this week's lower cash trade and declining boxed beef prices. February closed 33 points lower at $92.28. April cattle fell 55 points to close at $89.85. March feeder cattle were down 88 points at $107.83.

Hog futures turned higher on Friday in a round of short-covering ahead of the weekend. Cash fundamentals remain weak, but futures were due for a bounce on Friday from oversold conditions. Cash and cutout prices are moving lower. April closed 48 cents higher at $60.73. June gained 90 cents to end the day at $66.40.