Corn futures are called 2 to 3 cents higher. Overnight trade was 2 1/4 to 2 3/4 cents higher. Futures are technically oversold and we could see some light buying this morning. However, gains are expected to be limited by forecasts for generally favorable weather this week and the strong pace of planting.



Soybean futures are called 4 to 5 cents higher. Overnight trade was 4 1/4 to 7 3/4 cents higher. Futures broke below technical support on Friday, but were able to recover some of those losses ahead of the close. We look for some technical buying this morning following recent losses although good planting progress and favorable crop weather will limit gains.



Wheat futures are called 1 to 2 cents higher. Overnight trade was 3/4 to 2 1/2 cents higher. We look for some technical buying on the open after last week's poor performance. Rainfall in the central and southern Plains will benefit the HRW wheat crop, but traders may do some positioning ahead of this afternoon's crop conditions report, which has recently been on the decline.



Cattle futures are called steady to higher. Ideas that boxed beef prices could stabilize this week thanks to wholesale buying ahead of Memorial Day will be supportive. Despite weakening beef prices, packers have not been able to break the cash market with trade mostly at $90-$90.50 last week.



Lean hog futures are called steady to higher. Packer margins have improved and cash markets are expected to open steady to firm this morning. If pork cutouts can hold up this week, cash trade and futures could both improve.