Corn futures were higher today. After opening higher trade quickly turned mixed, but prices stabilized and managed to strengthen somewhat into the close due to spillover strength from soybeans. May ended 1 1/4 cents higher at 2.22 3/4.



Soybean futures closed sharply higher on Monday. The market rallied to six-month highs on speculative and technical buying. Continued dry weather in southern Brazil and forecasts for more of the same weather this week provided the fundamental news to spark the gains. May closed 17 1/2 cents higher at $6.22.



Wheat futures were higher today finding continued support from short covering and spillover buying from sharply higher soybean futures. Bullish technical buying is outweighing bearish fundamentals. CBOT Mar was 14 cents higher at $3.37. KCBT Mar was up 5 3/4 cents to close at $3.68. MGE Mar was up 6 cents at $3.63.



Cattle futures mostly higher on the close Monday with short covering lending support while recent weakness in the cash market capped gains. April futures fell 5 points to close at $86.05. The June contract was 45 points higher at $82.35.



Lean hog futures closed higher on Monday. Trade was choppy most of the day but fund buying and short-covering helped pull futures higher. Strength in cutouts on Friday provided some support although cash markets were mostly lower today. April is 8 cents higher at $74.23 and June was 35 cents higher at $79.30.