Corn futures closed higher on Tuesday. The market rebounded from yesterday's weakness with support from planting delay concerns. While USDA reported better than expected planting progress last week, the 22% of the crop planted is still down from the 5-year average of 28%. Weather forecasts are bullish as more rain is expected in the Midwest this week with cool and wet weather forecasts for next week. May ended 2 3/4 cents higher at $3.75 and December closed 2 3/4 cents higher at $4.04 1/4.

Soybean futures ended lower on Tuesday. Old-crop contracts led the losses on talk that export demand may be easing as soybean crush margins are poor in China. Strong demand from China has been a bullish factor for old-crop for some time. New-crop was pulled lower as well, but losses were limited by potential soybean planting delays given the wet Midwest forecasts. Soybean planting progress was 3% complete as of Sunday, down from the 5-year average of 5%. May closed 15 1/4 cents lower at $9.89 1/2 and November was 4 1/2 cents lower at $9.00.

Wheat futures closed higher on Tuesday. The market was able to recover from Monday's weakness amid continued spring wheat planting delays. On Monday afternoon, USDA estimated the crop as 15% seeded compared to the 5-year average of 36%. Cool and weather in the northern Plains this week will continue to limit progress. Slight improvement in winter wheat condition ratings helped limit gains. CBOT May ended 2 1/2 cents higher at $5.10 1/2, KCBT May closed 1/2 cent higher at $5.65 and MGE May was 5 1/2 cents higher at $6.63 3/4.

Cattle futures ended mixed on Tuesday. The market was able to rebound from the losses on Monday, with June trading higher due to the discount to last week's cash market. Boxed beef prices were higher at midday with choice cutouts up 49 cents. However, gains were limited and some contracts traded lower on concerns that the swine flu outbreak could prompt trade restrictions. June closed 15 cents higher at $81.90 while October fell 13 cents lower at $86.08.

Lean hog futures closed sharply lower on Tuesday. The continued concern that the swine flu outbreak will disrupt export sales and meat demand pressured futures. Several countries have restricted pork imports from the U.S. including Russia, China and Thailand, even though it is not clear that the spread of the disease has anything to do with exposure to hogs or pork. June closed $2.35 lower at $66.30 and July was $1.78 lower at $67.83.