Corn futures were steady to mixed on Friday. Look for prices to maintain a broad trading range over the next couple of weeks as planting gains momentum. We look for May futures to trade in a range from about $2.10 to $2.20. May ended down 1/4 of a cent at 2.12 3/4.



Soybean futures ended lower on Friday. Technical selling continued to weigh on the market following the late collapse on Thursday. When fund buying interest dried up late yesterday, fund quickly sold off the market. May futures closed 13 1/2 cents lower at $6.14.



Wheat futures were lower on Friday falling to the lowest level since late February. The higher spring wheat intentions along with favorable winter wheat conditions ratings suggest that total wheat production will increase in 2005. CBOT May was 8 1/2 cents lower at $3.22 1/2. KCBT May was down 6 1/2 cents at $3.31 1/2. MGE May fell 8 1/4 cents to close at $3.35 1/2.



Cattle futures were mostly higher Friday but April was pressured by long liquidation. The futures market managed to post modest gains for the week but the futures failed to keep pace with strongly higher cash cattle prices. April contract closed 10 points lower at $89.72. June futures gained 17 points to close at $85.42.



Lean hog futures closed strongly higher on Friday. Fund buying and short-covering ahead of the weekend supported prices, pushing the June and July contracts up the limit during the session. April ended 145 points higher at $70.15 and June settled 153 points higher at $80.80.