Corn futures were higher on Tuesday. After mid-session slump, futures managed to bounce back into the close. Rain into Wednesday will slow planting progress, but rains were beneficial for the western Corn Belt where it's been dry and it's still very early in other areas. May was up 1 cent at $2.06 3/4.



Soybean futures mostly lower today, but the front-end contract was slightly higher. With the lack of fundamental news, the market was left to chop around in technical trade. Planting progress and early season conditions will soon become a market factor. May was 3/4 of a cent higher at $6.17 1/2.



Wheat futures were mostly lower Tuesday, pressured by improvement in the crop conditions ratings reported by USDA Monday afternoon. USDA reported that 70% of the winter wheat crop is in good to excellent condition, up from 68% last week. CBOT May was 2 1/2 cents lower at $3.11, but the KCBT was 1 1/2 cents higher at $3.22. MGE May ended 2 1/4 cents lower at $3.26.



Cattle futures were strongly higher Tuesday with the futures market discount to the cash sparking more aggressive buying interest. Traders are looking for steady trade around $90 this week. The April contract was 100 points higher at $89.03. June futures were also 100 points higher at $84.68.



Lean hog futures ended mixed on Tuesday. Firm cash trade help support the soon to expire April contract. Deferreds were mixed with technical selling and the June and July contracts hefty premium to cash weighing on deferreds. April was 73 cents higher at $69.70. June fell 28 cents to $77.65.