A broad-based rally in commodities, and a drier US outlook, spurred a surge in the grains, with corn reaching its strongest close in nearly a year.
Funds covered shorts, as markets strapped in for any updates to the weather outlook while markets are closed over the weekend.
“Dry and hot conditions have grains trading higher ahead of the weekend,” said Jennifer Webster, at CHS Hedging.
“Today’s outlook will have funds covering any fresh shorts ahead of the key weekend,” said Kim Rugel, at Benson Quinn Commodities.
“Sunday night weather models will be key to next week’s market direction,” Ms Rugel said.
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