Corn futures ended higher on Friday. Strength in crude oil and soybeans helped pull the corn market higher. However, the short-covering rally was limited by continued concern about the economy. The stock market was posting moderate losses during the corn trading session. May closed 3 cents higher at $3.61 1/2 and December was 3 cents higher at $3.90 3/4.

Soybean futures closed strongly higher on Friday. Strength in the cash market along with weakness in the dollar and firm crude oil prices helped push soybean futures higher. Further gains were limited by rainfall in Argentina that will improve the outlook for late planted and second crop soybeans. May ended 15 cents higher at $8.67 and November was 15 1/2 cents higher at $8.15.

Wheat futures posted strong gains on Friday. The wheat market was pulled higher on spillover support from soybeans that triggered short-covering. Weakness in the dollar was also supportive as it should make U.S. wheat more competitive on the global market. Crop conditions remain a concern in the southern Plains, with only limited chances of rainfall over the next week. CBOT May closed 12 cents higher at $5.27, KCBT May was 14 cents higher at $5.74 and MGE May ended 12 1/2 cents higher at $6.13.

Cattle futures closed strongly lower on Friday. The market was pressured by weakness in the stock market and disappointment that cash trade developed at only $82 in the southern Plains, steady with last week. Boxed beef prices had turned higher early in the week, but choice cutouts were down 46 cents at midday. April ended $1.45 lower at $82.45 and June was $1.28 lower at $81.08.

Lean hog futures settled higher on Friday. Strength in the cash market despite poor packer margins and ideas that pork prices will improve next week helped rally the market. Ideas that hog supplies will soon tighten also provided support. April closed 8 cents higher at $62.50 and June was 55 cents higher at $73.73.