Corn futures managed a modest comeback on Wednesday. After plunging sharply lower over the past week, prices are due for a corrective bounce. However, generally favorable planting weather is limiting the market's ability to bounce back. July ended up 1 cent at $2.06.



Soybean futures closed mixed today, but most contracts were lower. May was underpinned by firm cash market and commercials stopping of deliveries. Deferreds were lower on generally favorable planting weather this week. June ended 1 cent lower at $6.24 1/2.



Wheat futures were slightly lower on the close Wednesday after a two-sided trading session. Favorable yield prospects reported by the HRW Wheat Crop Quality Tour offset an early session bounce from recent export business with Egypt. CBOT Jul was down 1/2 cent at $3.17 1/4. KCBT Jul was a penny lower at $3.18 3/4. MGE Jul finished 1/4 of a cent higher at $3.34 3/4.



Cattle futures were lower Wednesday pressured by weaker cash prices in Nebraska. Light cash cattle trade was reported at $91. Showlists are larger this week and the wholesale beef market is showing signs of topping. June futures closed 47 points lower at $84.92.



Lean hog futures closed higher on Wednesday. The market was supported by short-covering following yesterday's losses and firm cash fundamentals. Cash markets were firm again with pork cutouts up over $2 yesterday. June ended 25 cents higher at $76.83.