Corn: March corn futures closed 2 3/4 cents higher to $4.96 1/4, marking a 5 1/4-cent gain on the week. Corn futures made fresh for-the-move highs but failed to overcome psychological $5.00 resistance, with the daily high coming just a tick below that mark.
Soybeans: March soybean futures rose 6 cents to $10.36, near mid-range and on the week down 13 1/2 cents. March soybean meal futures gained $3.20 to $295.90, near mid-range and on the week down $5.50. March soybean oil futures fell 18 points to 46.07 cents, near mid-range and for the week up 8 points. Soy complex traders will come back from a three-day holiday weekend Tuesday and gauge any new developments on the U.S. trade policy front, after recent tariff threats from the Trump administration.
Wheat: March SRW surged 22 1/4 cents to $6.00 and settled near session high, gaining 17 1/4 cents on the week. March HRW futures gained 23 cents to $6.21 1/4, rallying 17 cents on the week. March HRS futures closed 16 1/4 cents higher, marking a 5 1/4-cent gain on the week. Winter wheat futures led strength across the grain and soy complex today, pushing prices into the upper ends of the recent ranges.
Cotton: March cotton futures rose 28 points to 67.11 cents, nearer the daily low and for the week up 148 points. Cotton market traders will come back from a three-day holiday weekend Tuesday morning to closely scrutinize the weekend U.S. cotton planted acreage figures released by the National Cotton Council.
Cattle: The cattle markets continued their late slide Friday. Expiring February live cattle dropped $1.80 to $197.75, while most-active April tumbled $2.275 to $194.25. The closing quote represented a weekly drop of $2.525. March feeder futures ended the week at $266.35, marking a daily loss of $1.625 and weekly gain of $1.45. This week’s late cash action suggests the cattle and beef complex will continue sliding next week.
Hogs: The February lean hog contract expired at $89.475 at noon Friday, up 10 cents from Thursday. The deferred contracts declined, with most-active April sinking 50 cents to $92.60. That represented a weekly rise of 45 cents. Cash hog and wholesale pork prices look set to end the week on a strong note.