Corn ended higher on Tuesday. Weakness in the dollar and the rally in soybeans helped pull corn higher after initially opening lower. Gains were limited by bearish fundamentals. May ended 1 cent higher at $2.14 1/4.



Soybean futures ended rallied today after trading lower most of the morning. Fund buying was sparked by bull spreading and a weakening dollar. Gains were limited this morning on ideas that production losses in Brazil have been factored into prices. May ended 9 1/2 cents higher at $6.25 1/2.



Wheat futures were solidly higher today. A steep decline in the value of the dollar, new highs in the Commodity Research Bureau index, and a rebound in the soybean market renewed speculative buying interest. CBOT May was 5 cents higher at $3.37 1/4. KCBT May was also up a nickel at $3.47 1/2. MGE May wheat was up 6 cents at $3.56 1/4.



Cattle futures continued to push higher Tuesday boosted by sharply higher wholesale beef prices. We believe cattle market participants are beginning to accept the probability that the judicial process will drag on for weeks and possibly months. April futures closed 35 points higher at $89.25.



Lean hog futures closed higher on Tuesday. The market was supported by gains in the cash market and pork cutouts. However, cutout values are still below cash hog prices and packers are losing money on every hog they process. April hogs closed up 60 cents at $76.10.