Ahead of the US Memorial day holiday weekend, soybeans closed higher, and wheat and corn settled without much change. For the week July soybean futures were up 20 cents, July wheat futures were up 41.75 cents, and July corn futures finished the week 12.25 higher than last Friday's close. Wheat futures remained volatile throughout the week. The Russian wheat picture has traders scratching there heads, some anticipate production losses due to frost and dry weather, others feel losses will be minimal. US planting is progressing well, and much of the market direction will turn to US weather as we make our way through the growing season. Funds this week were net sellers of corn for the first time since mid April, they were buyers of beans and sellers of wheat. The chart below shows the fund position over the past couple weeks. Markets will be closed Monday for Memorial day. | 
