Corn futures are called 1 to 2 cents higher. Overnight trade was 1 to 1 1/2 higher. Fundamentals remain mostly bearish, but Friday's Cattle on Feed report showed bigger than expected December placements, which should help feed demand. The delayed weekly export sales report will be released this morning and is expected to be in the 24-34 million bushel range.



Soybean futures are called 4 to 5 cents higher. Overnight trade was 4 1/4 to 5 1/4 cents higher. The weekly export sales report is expected to be fairly strong at 22-29 million bushels. Weather conditions in South America continue to be watched closely. Conditions are mostly favorable, but Argentina is dealing with some very warm temperatures.



Wheat futures are called 1 to 2 cents higher. Overnight trade was 1 1/4 to 1 3/4 cents higher. Firm cash basis levels are expected to help support the market depending on weekly export sales. The delayed report from last week is expected to show commitments in the 7-13 million bushel range.



Cattle futures are called 25-75 points lower. Friday's bearish Cattle on Feed report showed December placements well above trade expectations. Cash cattle traded in the south at $90 late last week, but lower boxed beef prices at $1.93 to $2.54 lower could weigh on the cash market this week.



Lean hog futures are called steady to higher. Some spillover buying from last Friday is expected, but gains will be limited by weaker pork cutouts on Friday at 67 cents lower. Cash markets are expected to be firm to start the week as packers are believed to need inventory.