Corn futures were higher on Tuesday. Planting progress as of Sunday was strong at 14%, but traders were looking for a higher number. That along with some rain moving across the Corn Belt over the next few days allowed some technical buying to materialize and prices to rebound. May closed 5 1/4 cents higher at 2.09 1/2.



Soybean futures closed strongly higher today. Firm cash markets and technical helped push prices higher. Basis levels are firm due to slow farm sales amid planting season and good export business. May was 21 1/2 cents higher at $6.31.



Wheat futures were higher on Tuesday. The market rebounded from oversold contract. There was little fundamental news to spark the rally. Much of strength was in sympathy with the rally in soybeans. CBOT May wheat was 6 1/4 cents higher at $3.08. KCBT May was 4 3/4 cent higher at $3.20 3/4. MGE May wheat closed 5 3/4 cents higher at $3.22 1/4.



Cattle futures settled higher on Tuesday. While cash trade is not expected until later in the week, ideas of steady to firm prices helped rally futures. Boxed beef prices were higher on Monday and showed strong gains this morning. April ended 63 cents higher at $90.55 and June was 85 cents higher at $85.40.



Lean hog futures turned higher today amid short-covering and speculative buying following talk of steady to firm cash prices the rest of the week. Cash markets were generally steady to $1 lower today. May ended 60 cents higher at $75.15 and June was 98 higher at $77.68.