Corn Futures Higher at 6:00 a.m. CDT Monday

Corn: December corn futures closed up 1 1/4 cents on Friday at $4.31 1/2, reversing off early lows to again hold support above former resistance at $4.30, although the upside has been limited as traders may be cautious ahead of what could very likely still be record production in the U.S. in 2025.

Soybeans: January soybeans closed up 7 1/2 cents on Friday at $11.15 1/4, the highest close for most actively traded soybean futures since early July of 2024. The soybean market finished an incredible week on a high note with traders still finding bullish value in Thursday’s details of the soybean trade arrangement with China.

Wheat: December Kansas City wheat futures closed up 11 1/2 cents on Friday at $5.24 1/2, the highest close for the contract in over 2 months as traders continue to cover wheat short positions on good demand prospects.

Cotton: December cotton rebounded from Thursday’s correction lower, closing at 65.54, up 0.42 cent per lb. December cotton futures will open next week up against the 50-day moving average which has been resistance for prices.

Live Cattle: December live cattle futures were unable to make it a third straight session higher, falling $1.4250 on Friday to close at $229.675, but holding above the 100-day moving average in an optimistic technical sign.