Corn futures ended lower again on Tuesday. The market was pressured by a slight improvement in crop condition ratings and forecasts for moderate temperatures with more chances of rain in the western Corn Belt. USDA pegged crop conditions at 57% good to excellent, up 1% from last week and 5% above year-ago. September ended 4 cents lower at $2.35 3/4 and December fell 4 cents lower at $2.53.



Soybean futures ended lower on Tuesday as market fell to lowest level since November. Relatively good weather is covering much of the Midwest with moisture and mild temperatures. USDA's crop condition report yesterday showed the good to excellent ratings stable at 53%, ahead of last year's 51%. September ended 4 3/4 cents lower at $5.62 1/2 and November was 5 3/4 cents lower at $5.76 1/4.



Wheat futures were sharply lower on Tuesday. The market ran into heavy technical selling pressure today as the KCBT Sep slipped below chart support. Bearish fundamental factors included a report that Iraq is talking with Australia about resuming imports and prospects for improving moisture in the Plains. CBOT Sep was down 9 cents at $3.84, KCBT Sep fell 14 3/4 cents to close at $4.69 3/4. MGE Sep was 9 1/2 cents lower at $4.71 1/4.



Cattle futures closed narrowly mixed on Tuesday. Futures traded in a quiet sideways range. Technical buying provided support while profit taking and concerns that futures are getting out of line relative to the cash market contributed to selling interest. August fell 7 points to $85.35 while October was 2 points higher at $89.92. August feeder cattle climbed 12 points to close at $116.12.



Lean hog futures closed mixed on Tuesday. Steady to firm cash markets and the near $1 jump in pork cutouts on Monday provided early support that pushed most contracts to new highs. However, commercial selling and profit-taking on the recent rally limited gains and pushed some months lower. October ended 20 cents higher at $63.50 and December was 5 cents higher at $90.05.