Corn futures closed lower on Wednesday. Fund selling and spillover pressure from soybeans and wheat weighed on the market. There were also renewed concerns about the spread of bird flu and the possible negative affects on feed demand. CBOT May ended 4 cents lower at $2.34 3/4 and July was 3 3/4 cents lower at $2.44 1/2.



Soybean futures settled lower on Wednesday. Technical selling and concern that the spread of bird flu will hurt soybean meal demand weighed on the soybean and meal markets. Soybean oil found light support on ideas that crush will slowdown if bird flu lingers. May ended 3 cents lower at $5.91 and July was 2 3/4 cents lower at $6.02.



Wheat futures ended sharply lower on Wednesday. The market was pressured by technical weakness from Tuesday's close and forecasts for light rainfall in the Plains the next couple of days. Some forecasters say the weather pattern next week will boost the chances for rain in dry areas of the Plains. CBOT May was 7 cents lower at $3.74. KCBT May was down 10 3/4 cents at $4.39. MGE May wheat was 12 cents lower at $4.16.



Cattle futures closed mixed on Wednesday. The market remains choppy as the deep discount to the cash market is lending support while bearish longer-range supply fundamentals continue to discourage buying interest. April cattle were 20 points lower at $87.02. June was unchanged at $82.62. March feeder cattle were up 25 points at $107.12.



Lean hog futures closed sharply higher on Wednesday. Fund buying supported the market on improved cash fundamentals. Cash markets were steady to firm today as packer margins benefited from the $3.44 jump in cutouts on Tuesday. April closed 122 points higher at $62.70 and June was 140 points higher at $71.35.