var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-16049511-2']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + ''; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })();

Soybean Futures Maintain Rally into Long Weekend

Cattle futures advanced into the trading day’s close Friday, lifted by gains in the cash cattle markets and hopes for demand to remain firm in the weeks ahead as the U.S. grilling season sets in.

June live-cattle futures rose 77 to $119, cattle futures for August rose 107 to $116, and Feeder-cattle futures for August picked up 130 to $146.

The hog market settled narrowly lower, pressured by profit-taking after an early-week climb. Hog futures for June fell 2 to 80.52, July hog futures fell 20 to 81.07.

Corn and soybean futures rose Friday as buying continued ahead of the holiday weekend.

Meanwhile, wheat was mixed.

Corn extended gains, closing at a fresh, more-than-10-month high as evidence of ongoing demand for the crop and worries over the upcoming growing season encouraged buyers to remain active in the market, rallying prices for the sixth straight session. Soybeans recovered from losses posted in the previous session, continuing a months-long rally in the oilseed market.

July Corn gained 4 1/2 to $4.12, July soybeans rose 6 3/4 to $10.86, July Chicago wheat added 1/4 to $4.81, and July KC wheat fell 2 ½ to $4.59.

Cotton futures slumped into the long weekend with the July contract falling 5 to 64.28, and December new crop dropping 9 to 63.85.

Gold futures fell to their lowest level in more than three months Friday amid mounting evidence of improving economic growth in the U.S. that would strengthen the case for an interest-rate increase.  July gold futures fell $11.60 to $1,209.90, and June silver closed at $16.18, down 15 cents.

Oil futures fell further below the key $50 threshold Friday, as investors took profits from the recent rally and the dollar strengthened. July crude settled down 15 cents  at $49.33 a barrel, Gasoline futures settled up 1.24 cents at $1.63, and Diesel futures fell a fraction to $1.49

Natural gas prices inched higher on Friday, with hot weather raising expectations for demand. July nat gas gained 3.8 cents to $2.16.

Stocks on Wall Street rose on Friday and capped off its strongest week since March after U.S. Federal Reserve Chair Janet Yellen said an interest-rate hike would likely be appropriate “in the coming months.”  The Dow gained 44 to close at 17,873, the Nasdaq closed at 4,933, up 31, and the S&P 500 gained 8 to 2,099.'

A native of the Texas Panhandle, Rhonda was born and raised on a cotton farm where she saw cotton farming evolve from ditch irrigation to center pivot irrigation and harvest trailers to modules. After graduating from Texas Tech University, she got her start in radio with KGNC News Talk 710 in Amarillo, Texas.