December corn (ZCZ26) futures on Friday rose 3 1/2 cents to $4.67 1/2 and for the week were up 6 1/2 cents. November soybeans (ZSX26) rose 8 cents to $12.03, closed at a two-month high close, and for the week gained 12 1/4 cents. September soft red winter wheat (ZWU26) futures gained 8 cents to $6.82 3/4 and for the week were up 42 1/2 cents. September hard red winter wheat (KEU26) futures rose 15 3/4 cents to $7.32 1/4, hit a seven-week high, and for the week were up 56 cents.
The grain futures markets on Friday posted good rebounds from early session lows as the bulls stepped in to buy the dips. Grain futures prices are still trending up on the daily charts, which means the path of least resistance for prices in the near term will remain sideways to higher.
