Corn futures are 2 1/2 to 3 3/4 cents higher Tuesday morning on spillover support from sharply higher soybeans and wheat. Corn hit new highs for the current rally on the open but the market has not yet been above to climb convincingly through chart resistance. The May corn futures contract is 3 1/4 cents higher at $2.24 1/4.



Soybean futures are 12 to 18 1/2 cents higher Tuesday morning. The market surged through chart resistance at Friday's highs on the opening and is holding those gains on heavy speculative buying. The February crush pace was stronger than expected, lending fundamental support. May soybeans are 18 1/2 cents higher at $6.74 1/2.



Wheat futures are 5 1/2 to 10 cents higher following the surging soybean market. Futures gapped higher, climbing above chart resistance at the recent highs to trigger buy stops and attract further speculative support. Chicago May wheat is 9 cents higher at $3.63. KCBT May is up 7 1/4 cents at $3.69 1/4. MGE May wheat is 5 1/2 cents higher at $3.71 3/4.



Cattle futures are 30 to 80 points higher Tuesday morning. Smaller showlists and several inches of snow in the Texas Panhandle are providing support. Boxed beef cutout values were $1.12 higher Monday afternoon. April futures are 80 points higher at $89.90. The June futures contract is up 45 points at $86.02.



Lean hog futures are a few points higher at mid morning after rebounding from early weakness amid ideas that the market is oversold. The recent steep break in cash hogs is limiting the recovery attempt. Futures remain technically weak after April fell through chart support Monday. April lean hogs are up 25 points at $70.75 while June hogs are 15 points higher at $78.90.