Corn futures ended higher on Tuesday. Fund buying helped boost futures. A sharp rally in several other markets such as energy, metals and soybeans contributed to the gains. Fundamental support was generated by emerging dryness across Argentina's Corn Belt. March ended 4 1/4 cents higher at $2.20. May closed 3 1/2 cents higher at $2.28 1/2.

Soybean futures closed sharply higher on Tuesday. Buying interest by the funds and dry weather in South America were supportive factors. The fund buying was driven by index funds pumping money into commodity markets and weather condition in Argentina remain on the dry side. January ended 15 1/2 cents higher at $6.17 1/2 and March was 15 cents higher at $6.28 1/2.

Wheat futures were a few cents higher on Tuesday. Expectations for a surge of new commodity fund buying contributed to a bullish tone. Continuation of the dry pattern in the southern Plains of the U.S. provided fundamental support. CBOT Mar was up 6 3/4 cents at $3.46. KCBT Mar gained 3 1/2 cents to close at $3.90 1/2 and MGE Mar was 4 1/2 cents higher at $3.96 1/2.

Live cattle futures were steady to mostly lower on Tuesday. The cash market is not yet established. Commodity funds are holding large long positions after standing their ground last week rather than taking profits before year-end. February ended unchanged at $96.37. April closed 2 points lower at $95.02.

Lean hog futures closed lower on Tuesday, but well off the day's lows. Prices were lower on fund selling and sell stops. Mostly lower cash hog prices added fuel to the futures price decline. February closed 63 cents lower at $64.65 and April was 53 cents lower at $67.95.