Corn futures closed higher on Tuesday. Fund buying supported prices as March futures pushed through chart resistance at $2.10, hitting the highest level in five weeks. However, early gains faded in late trade. March settled 1 cent higher at $2.09 3/4. May futures were also a penny higher at $2.18 3/4.

Soybean futures closed lower on Tuesday. Speculative buying and technical chart strength helped fuel gains most of the session. However, position evening ahead of the holidays weighed on prices late in the day. January ended 3 1/4 cents lower at $6.05 1/4 and March was 4 cents lower at $6.16 1/2.

Wheat futures ended higher on Tuesday. The market found support from concerns about dryness in the southern Plains, short covering by the commodity funds, and seasonally slow cash movement. CBOT Mar was up 4 3/4 cents at $3.28. KCBT Mar gained 3 1/2 cents to close at $3.74 1/2. MGE Mar was 2 1/2 cents higher at $3.79 1/2.

Live cattle futures settled higher on Tuesday. Futures scored another round of new highs in the December and February contracts while the spring and summer months are hovering just beneath the recent highs. Climbing boxed beef cutout values and a strong tone in the cash market provided support. February ended 47 points higher at $97.27. April closed 40 points higher at $95.02.

Lean hog futures closed higher on Tuesday as profit taking continued. So far this week traders have been closing out positions as traders exit ahead of the holiday weekend and the quarterly Hogs and Pigs report due out next week. February closed 60 cents higher at $65.15 and April ended 53 cents higher at $67.80.