Corn futures settled lower on Tuesday. Strength in the dollar and sluggish export demand weighed on the market. Export demand remains slow with weekly export inspections being reported this morning at 17.7 million bushels compared to trade expectations of 27-33 million. Losses were limited by forecasts for another winter storm to hit the Corn Belt, which will further delay the last leg of harvest. March closed 1 1/4 cents lower at $3.98 3/4 and May fell 1 1/2 cents to $4.09 1/4.

Soybean futures closed lower on Tuesday. Futures fell to a one-month low on technical selling, strength in the dollar, disappointing export inspections and favorable weather for the South American crop. Weekly export inspections reported this morning of 29.9 million bushels were below trade expectations ranging from 35-52 million. January ended 10 cents lower at $9.91 and March was 10 cents lower at $9.98 1/2.

Wheat futures rebounded to close higher on Tuesday. Consolidation trade was supportive ahead of the holidays as traders were evening up positions. The market rallied despite strength in the dollar and sluggish export demand. Weekly export inspections last week were only 13.3 million bushels, which was at the low end of trade expectations. CBOT March closed 3 1/2 cents higher at $5.23, KCBT March was 1 cent higher at $5.17 1/4 and MGE March ended 4 3/4 cents higher at $5.31 1/4.

Cattle futures closed lower on Tuesday. Futures opened higher with the February contract posting a one-month high, but turned lower on profit-taking amid the lack of fresh news. Cash markets are expected to be steady to firm this week, although packer needs will be limited by the plant closures over the holidays. December ended 28 cents lower at $81.95 and February was 90 cents lower at $84.68.

Lean hog futures were higher on Tuesday. Short-covering pushed prices higher after the February and April contracts posting 4 1/2 week lows early in the session. However, trade remains light ahead of the Cold Storage report due out this afternoon and ahead of the upcoming holidays. Pork prices were down $1.38 on Monday as cash ham prices decline following the end of demand from wholesalers for Christmas hams. February closed 53 cents higher at $64.75 and April ended 58 cents higher at $69.08.