Corn futures stabilized on Tuesday. Prices consolidated after the steep slide experienced over the past few trading sessions. There was little new in the market. May corn held within a narrow 2 1/2 half cent trading range. May ended 1/2 of a cent lower at 2.14.



Soybean futures edged higher today in rather dull trade. After the recent volatile trade, fund activity was limited today. The market was consolidating recent losses, waiting for additional fundamental news. May futures ended 3/4 of a cent higher at $6.27 1/4.



Wheat futures were slightly higher Tuesday. Futures managed to bounce higher on bargain hunting and short covering following the steep break on Monday. Some support came from news that 120,000 metric tons of HRW wheat was sold to unknown destinations. CBOT May was 2 cents higher at $3.44 1/2. KCBT May was 1 1/2 higher at $3.49 1/4. MGE May wheat was up 4 cents at $3.60 3/4.



Cattle futures were mixed in a quiet trading session Tuesday. The futures market spent the day on the defensive but trimmed losses in late trading to post a mixed close. Traders await further developments on the Canadian import issue. April futures finished 22 points lower at $87.62.



Lean hog futures closed lower on Tuesday as traders prepare for the Hogs and Pigs report due out later this week. Profit taking contributed to the lower prices on Tuesday and April's premium over cash was also a factor. The April contract dropped 48 cents to close at $70.58.