Corn futures closed lower on Friday. Fast planting progress and generally favorable weather pressured the market. The bearish 2005-06 ending stocks estimate on Thursday was an underlying bearish factor. July closed 3/4 of a cent lower at $2.03 1/2.



Soybean futures closed strongly lower on Friday. The market slipped to 2 1/2 month lows as speculative selling increased when sell-stops were triggered. Strength in the dollar and forecasts for rain in the eastern Midwest were also bearish factors. July fell 10 3/4 cents to $6.12 3/4.



Wheat futures were lower Friday pressured by rainfall from south central Oklahoma northward to central and eastern Kansas. USDA's bearish winter wheat production estimate and ending stock estimates also weighed on futures. CBOT July was 6 cents lower at $3.02 3/4. KCBT July fell 4 1/4 cents to close at $3.09 1/2. MGE July was down 4 cents at $3.21.



Cattle futures were mostly higher Friday finding support from news that cash cattle were trading in the $90 to $90.50 area in the southern Plains. Futures were persistently strong this week with the deferred fed cattle and all feeder cattle contracts setting new highs. June closed 47 points higher at $87.27.



Lean hog futures closed lower on Friday. Cash prices are finally showing signs of strength. But fund selling pushed futures lower early in the session and that triggered sell stops under the market. June ended 68 cents lower at $75.83.