Corn futures are called steady to narrowly mixed. Overnight trade was steady to 1/4 of a cent higher. The new-crop ending stocks number that was nearly 350 million bushels above trade expectations, strong planting progress, and some needed rain in the eastern Corn Belt will limit buying interest. However, strong export sales last week will provide supportive.



Soybean futures are called mixed. Overnight trade was 1/2 of a cent lower to 1/4 higher. Weakness yesterday despite bullish USDA's supportive supply/demand numbers will be a bearish factor. USDA's new-crop ending stocks number was nearly 75 million below expectations. However, fundamentals are mostly bearish with some needed rain moving into the eastern Midwest.



Wheat futures are called steady to mixed. Overnight trade was 1/4 of a cent lower to 3/4 higher. Some needed rain has fallen in parts of the southern and central Plains, but extended forecasts look dry for the rest of the month. USDA's winter wheat production estimate was above expectations, but weather problems could trim that number.



Cattle futures are called steady to mixed. Cash trade remains uncertain despite light movement in Nebraska at $1-$2 lower than last week. Spillover buying is possible on the open, but profit-taking ahead of the weekend could also be a factor. Boxed beef prices were $0.72 to $1.50 lower on Thursday.



Lean hog futures are called steady to higher. Improved packer margins should help hold cash bids steady or even be a little higher in some markets today. Tightened supplies of market ready hogs and ideas that Memorial Day buying will give demand a boost will provide support.