Corn futures are called mixed. Overnight trade was 1/4 of a cent lower to 1 cent higher. Harvest pressure is expected to limit buying interest despite bullish momentum. Favorable weather for harvest progress is being forecast for most of the Corn Belt this weekend. Strong demand projections and commodity fund buying will remain underlying supportive factors.



Soybean futures are called 1 to 2 cents lower. Overnight trade was 1/4 of a cent to 2 3/4 cents lower. Some profit-taking is expected following yesterday's gains with harvest pressure also a bearish factor. Crop production estimates have generally been on the rise ahead of the USDA report due out next week. Strong export demand has helped counter the large old-crop and expected new-crop supply of soybeans.



Wheat futures are called mixed on the open. Overnight CBOT trade was 1/4 cent higher to 2 1/4 lower while the KCBT was 3 to 3 1/2 in front end contracts and lower in deferreds. The market is expected to remain volatile. The CBOT posted new contract highs yesterday before profit-taking gave back all of the daily gains. Global supply/demand fundamentals remain supportive with Brazil cutting their wheat production estimate due to freeze damage. On the other hand, U.S. export commitments remain disappointing.



Cattle futures are called steady to higher. Firm cash trade is expected to develop today after reports of some light volume $92 trade in Texas on Thursday. Fed cattle supplies are tight and packers continue to maintain aggressive slaughter schedules despite poor margins.



Lean hog futures are called steady to higher. The futures market is expected to be supported by firm cash trade again today following yesterday's $1.87 jump in pork cutouts. Packers have had to raise bids to fuel slaughter schedules as marketings have been relatively tight this week.