Corn futures closed strongly higher on Friday. Spillover support from soybeans and wheat along with planting delay concerns supported the market. Weather forecasts are calling for more rain this weekend and next week in the southern and eastern Corn Belt, which will further delay planting progress. July ended 10 cents higher at $4.06 1/4 and December was 10 cents higher at $4.33 1/4.

Soybean futures were sharply higher on Friday. Bullish technical momentum helped push front-end contracts to new seven-month highs. Support from outside markets and bullish old-crop fundamentals are pushing prices higher. Old-crop stocks remain tight and export demand continues to be strong. New-crop contracts were pulled higher as well on concern that delayed soybean planting may hurt yield potential despite some ideas that there could be some corn acreage switched to soybeans. July closed 36 cents higher at $10.91 and November ended 27 1/2 cents higher at $9.71.

Wheat futures posted strong gains on Friday. Spillover support from soybeans and continued concern about spring wheat planting delays pushed futures higher today. While weather forecasts show drier weather in the northern Plains over the next 5-7 days, spring wheat planting progress is expected to remain below normal. The CBOT was supported by wet weather forecasts for the Midwest that will raise the potential for disease in the SRW wheat crop. CBOT July ended 33 1/2 cents higher at $5.70, KCBT July ended 30 cents higher at $6.14 3/4 and MGE July was 26 1/2 cents higher at $6.84 3/4.



Cattle futures ended mixed on Friday. Front-end contracts were pressured by reports that light cash trade developed at $86, down $2 from last week. Declining boxed beef prices also kept the market on the defensive. Choice beef prices were down 58 cents and select cuts were 73 cents lower at midday. June closed 40 cents lower at $82.10 and August ended 63 cents lower at $82.03.



Lean hog futures were strongly higher on Friday. Short-covering from the losses earlier this week supported the market. Ideas that the H1N1 virus will be a short-term market factor led the gains. Pork cutouts have fallen $2.65 this week, but were down only 14 cents on Thursday. June closed $1.05 higher at $65.58 and July closed $1.08 higher at $68.38.