Corn futures are 2 to 2 1/2 cents higher Friday morning finding follow through support from Thursday's positive chart action. The ability of the market to close higher after the bearish USDA Supply Demand report is attracting new buying interest. The May corn futures contract is up 2 cents at $2.22.



Soybean futures are 9 to 17 cents higher Friday morning. Forecasts for rainfall in southern Brazil have been modified to call for only scattered thunderstorms Sunday into Monday rather than the general rains that had previously been expected. May soybeans are 17 cents higher at $6.56 1/4.



Wheat futures are 5 to 10 cents higher Friday morning. The market is finding strong technical support after Chicago May futures climbed above chart resistance at $3.46 1/2 on Thursday. Chicago May futures are up 9 cents at $3.57, KC May is 7 1/2 cents higher at $3.65, and MGE May wheat is 7 cents higher at $3.72 1/2.



Live cattle futures are sharply lower Friday morning spooked by concerns that an appeal filed by the National Meat Association could overturn the preliminary injunction that has put the Canadian border opening on hold. Cash cattle traded actively at $93 in the southern Plains, up $3 from last week. At mid morning April cattle are 162 points lower at $89.07 and June is down 157 points at $85.15.



Lean hog futures range from 12 points lower to 70 points higher Friday morning, finding support from ideas that the recent steep selloff was overdone. Pork cutout values bounced higher Thursday afternoon on the strength of a $3 increase in loin values. April lean hogs are 12 points lower at $72.45 and June hogs are up 32 points at $79.25.