Corn futures ended higher today. Gains were attributed to technical buying and short-covering. Solid weekly export sales and weakness in the dollar were fundamentally supportive factors. March ended 3 1/4 cents higher at $1.98 1/4.



Soybean futures were firm again on Thursday. Firm cash markets and higher than expected weekly export sales led to the short-covering rally. Weekly export commitments totaled 20.2 million bushels. March ended 5 1/4 cents higher at $5.16.



Wheat futures settled higher today. Aggressive short covering supported the market. With the March delivery period only two and half weeks away, the funds are beginning to worry about overplaying the bearish hand. CBOT Mar was up 6 1/4 cents at $2.96 1/4. KCBT Mar gained 4 1/2 cents to close at $3.32 1/2 and MGE Mar was 3 cents higher at $3.43 3/4.



Cattle futures were sharply lower on Thursday pressured by news that USDA is sticking with its proposal to allow imports of live cattle from Canada to resume after March 7. February futures fell 192 points to close at $89.75.



Lean hog futures collapsed on Thursday, with most contracts dropping the daily limit of $2. Futures prices started the day down as cash prices continue to erode, and selling really took off once they broke through support at $72.50 basis the April contract. April ended limit down at $71.78.