Corn futures are called 1 to 2 cents higher. Overnight trade was 1 1/2 to 2 1/4 cents higher. The market is expected to follow overnight trade. Futures remain in a trading range with the resistance on the December contract at $2.45 and support at the contact low of $2.33 1/2. Traders will continue to argue the size of the crop ahead of harvest.



Soybean futures are called 1 to 2 cents lower. Overnight trade was 1 to 1 3/4 cents lower. Favorable August weather and ideas of increasing yields will continue to weigh on the market. Futures are technically oversold, but trade is expected to be lower this morning after the November contract fell to the lowest level in 1 1/2 years on Friday.



Wheat futures are called 4 to 6 cents higher. Overnight CBOT trade was 5 to 6 3/4 cents higher and the KCBT was 4 3/4 to 5 cents higher. Market action has turned positive following last week's gains that pushed futures above chart resistance. Ideas of improving demand for U.S. wheat and tight global stocks will be supportive fundamental factors.



Cattle futures are called higher this morning. Strength in the cash market late on Friday is expected to support futures with cash trade at $87-$88, up $1-$2 from the previous week. The December contract hit a new high on Friday and technically the market remains strong. However, declining beef prices and profit-taking on the recent rally could limit gains.



Lean hog futures are called steady to mixed. The cash market has turned lower, but pressure on the October contract should be limited given the current discount to the cash market. Pork demand appears to be strong as pork prices are holding up despite aggressive slaughter schedules. Pork cutouts were up 15 cents on Friday.