Corn futures were higher on Tuesday. Trade was choppy, but futures did comeback from midsession losses to close higher despite weakness in the wheat market. Harvest progress is running below normal and rain will slow harvest activity in the eastern half of the Corn Belt this week. December closed 4 1/4 cents higher at $3.21. March settled 2 3/4 cents higher at $3.29 1/4.

Soybean futures rallied to a three-month high on Tuesday. The November contract reached the psychologically important $6.00 per bushel mark today and traded above that mark for a period to time, but closed right near that level. Soybean harvest has been running ahead of normal, but some support is coming from ideas of a slowdown in harvest activity with the wet conditions in the south and eastern Midwest. November closed 11 3/4 cents higher at $6.00 3/4 and January was 11 cents higher at $6.14 1/2.

Wheat futures ended lower on Tuesday. Profit-taking pressured prices after another volatile trading session. Chicago and Kansas December set new contract highs in early trading before selling off rather sharply through mid morning. With the market becoming overextended, we look for some follow through to the downside after the reversal from today's highs. CBOT Dec closed 11 1/2 cents lower at $5.31. KCBT Dec was down 15 1/2 cents at $5.30 1/2. MGE Dec was 8 3/4 cents lower at $5.19 3/4.

Cattle futures closed mixed on Tuesday after a two-sided trading session. Strengthening boxed beef cutout values are providing fundamental support while rising corn prices are contributing to a cautious market tone on the idea that higher feed costs will encourage cattle owners to sell cattle early. December was down 10 points at $87.32. February was up 5 points at $90.10. October feeder cattle were down 110 points at $106.75.

Lean hog futures closed strongly lower on Tuesday. The market was pressured by concerns that cash markets will turn lower with pork prices, which will likely remain under seasonal pressure due to the heavy slaughter pace. Technical selling extended losses once support levels failed. December fell $1.08 to close at $59.73 and February was 98 cents lower at $62.25.