Corn futures ended higher on Tuesday after a choppy trading session. Position evening at the end of the month, quarter and year kept the market mixed today. Weakness in the dollar and continued weather stress in Argentina's corn crop were supportive factors. March closed 2 3/4 cents higher at $3.96 1/4 and July ended 2 3/4 cents higher at $4.17.



Soybean futures closed mostly higher on Tuesday. The market was supported by weakness in the dollar and weather concerns in South America. Hot and dry conditions are trimming yield potential in parts of Argentina and southern Brazil. Export demand remains strong as China continues to be a large customer. However, gains were limited by weakness in crude oil. January ended 7 1/4 cents higher at $9.45 3/4 and March was 7 1/2 cents higher at $9.53.



Wheat futures settled higher on Tuesday. Weakness in the dollar index and hopes of improved export demand supported futures. Several countries including Pakistan and Bangladesh are tendering for wheat and Saudi Arabia is expected to tender for wheat in January. Dry weather in Argentina has trimmed wheat production estimates there. CBOT March ended 12 3/4 cents higher at $6.04 3/4, KCBT March was 9 cents higher at $6.20 and MGE March settled 10 3/4 cents higher at $6.55 1/2.



Cattle futures closed narrowly mixed on Tuesday. Trading was light ahead of the New Year holiday this Thursday. Front end futures were supported early in the session by weakness in the dollar, but gains were unable to hold into the close. Cash trade has not yet developed and boxed beef prices are not providing much direction so far this week. February closed 30 cents lower at $85.90 and April was 5 cents higher at $89.40.



Lean hog futures were higher on Tuesday. The market was supported by short-covering and news that Mexico will resume imports from 20 of the 30 meat packing plants previously banned. Traders were also positioning ahead of the Hogs and Pigs report, which was released after the close. February ended 58 cents higher at $59.73 and April was 55 cents higher at $68.08.