As expected, it was a lower volume trading day ahead of likely market moving USDA reports on Monday. The exceptions were HRS and lean hogs. There were also generally lower trading ranges. The soybean complex traded higher on strength in coproducts but the rest of the board was mostly in the red with HRW trading unchanged after Euronext wheat gained €0.25/MT. For the week, major agricultural commodities were largely in the green; the exceptions being cattle and HRS.

It was the first time higher in six weeks for soymeal and SRW. It was the first week lower after five higher weekly closes for cattle.  Soybeans had the first week higher after a month of lower closes.  After three weeks of lower closes, HRW made gains on weather...