Corn futures recovered late in the session to close higher on Wednesday. Prices drifted lower most of the session, but the turn higher in soybeans led to fund buying in corn that helped push prices higher. March closed 3 1/4 cents higher at $2.22 and May ended 3 1/4 cents higher at $2.32 1/4.



Soybean futures ended higher on Wednesday. A lack of news and bearish fundamentals drove the market lower most of the day. However, late in the session fund buying helped push prices higher. March settled 3 3/4 cents higher at $5.87 and May was 3 cents higher at $5.99.



Wheat futures ended higher on Wednesday. The wheat market absorbed more profit-taking on the open before turning higher. Ideas that India may buy more than 500,000 metric tons of wheat in its current export tender provided support. CBOT Mar was 4 3/4 cents higher at $3.52. KCBT Mar was 3 1/2 cents higher at $4.16 1/2. MGE Mar was up 5 3/4 cents at 4.01 1/4.



Cattle futures closed lower on Wednesday. The market fell to another round of new lows for the current decline. Several packers reduced slaughter operations Wednesday, putting fundamental pressure on the market. April ended 45 points lower at $88.65 while June was 52 points lower at $83.40. March feeder cattle were down 45 points at $108.25.



Lean hog futures closed sharply lower on Wednesday but did bounce off the day's lows. Several contracts traded down the daily limit during the session. Traders are concerned that packers will cut back on slaughter due to negative margins. April closed $1.45 lower at $61.48 and June fell $1.15 at $68.90.