Corn futures ended lower today. Ample supplies of feed grain worldwide and export competition from China pushed futures to new lows. Funds have little motivations to cover the heavy short position. March closed 1 1/4 cents lower at $1.96.



Soybean futures closed lower Tuesday. Beneficial weekend weather in Brazil, technical weakness and spillover weakness from soybean meal pressured the market today. March closed 6 cents lower at $5.13 1/2.



Wheat futures finished on the defensive after a modest midday rally gave way to technical pressure into the close. Egypt bought some U.S. wheat this weekend, but most of the business went to France and Argentina. CBOT Mar was 1 cent lower at $2.96 1/2. KCBT Mar was unchanged at $3.34 3/4 and MGE Mar was 3/4 of a cent lower at $3.42 1/4.



Cattle futures were mixed on Tuesday as forecasts for a warming trend in the major cattle feeding region contributed to ideas that the cash market could be nearing a peak. February futures closed 20 points lower at $91.12.



Lean hog futures closed mixed today. Weakness in the nearby contract led futures lower due to the premium to cash, even though cash hogs were generally higher on Tuesday. Pork belly prices were down sharply on Tuesday, contributing to the weakness in the hog pit. February fell $1.20 to close at $75.58.