Corn futures settled lower on the last day of trading this week. Cash movement eased as prices pulled back from the recent highs, but the influx of corn into market channels has been a key factor limiting the market's upside potential. May ended 1 cent lower at 2.17.

Soybean futures closed slightly higher after a choppy trading session. Some forecasts are calling for rain in southern Brazil and Argentina next week, but traders were unwilling to push prices lower ahead of the weekend. May futures ended 2 1/2 cents lower at $6.29 3/4.

Wheat futures were slightly lower on the close Friday pressured by pre weekend profit-taking amid concerns that the recent rally has run out of steam. CBOT May was down a penny at $3.37. KCBT May fell 1 1/2 cents to close at $3.46 3/4. MGE May was down 2 1/4 cents at $3.54 3/4.

Cattle futures were steady to slightly higher Friday finding continued support from this week's court decision to delay Canadian cattle imports. Cash cattle traded actively at $90 in the southern Plains Thursday, up $3 from last week. April closed 32 points higher at $89.02.

Lean hog futures closed lower on Friday, but the declines were generally modest. Traders are beginning to question the ability of cash prices to rally up to current futures price levels. The April contract fell 45 cents to close at $75.65.