Soy, wheat markets surged Tuesday

Spillover strength supported corn futures Tuesday. The latest forecasts point to cool mid-April temperatures, but they also imply a stretch of dryness. That may allow farmers to take advantage of the dry spell and get lots of corn planted, which weighed upon prices late this morning. However, strength spilling over from the wheat and soy markets apparently pulled prices upward. May corn settled up 0.75 cent to $5.0375/bushel Tuesday afternoon, while December skidded 0.25 to $5.0325.