Grains:
March corn closed up 6 1/2 cents and May corn was up 5 3/4 cents. March soybeans closed up 3 3/4 cents and May soybeans were up 3 1/4 cents. March KC wheat closed up 15 cents, March Chicago wheat was up 14 cents, March MIAX Minneapolis wheat was up 1 1/4 cents.
Friday was a generally positive close to a generally positive week for row-crop futures. Corn futures showed bullish life and vastly improved the technical situation for the March contract, thanks largely to a multi-year high for corn sold in the export market during the week ended Jan. 15. Meanwhile, wheat futures posted a double-digit gain on increased weather premium ahead of this weekend's winter storm, with the March KC contract posting its highest close since mid-November. Finally, soybeans also were positive on strong export sales as well but also on continued spillover strength from the soybean oil market.
Livestock:
The live cattle complex was trading sharply higher into midday Friday as traders have grown more confident, and some light cash cattle trade has developed. The feeder cattle complex also traded slightly higher, but its gusto this morning hasn't been as aggressive or notable as the live cattle market's, which could potentially be because demand in the countryside has been slightly off. The lean hog complex was trading mixed and ended in the red as the nearby contracts were trading a bit lower while the deferred months continue to scale higher.