Corn futures are called steady to 1 cent lower. Overnight trade was 1 1/4 to 1 1/2 cents lower. Consolidation and some light technical buying has helped pull prices a little above contract lows. But we look for the favorable planting progress to weigh on futures today. The Midwest is expected to remain mostly dry through the weekend.



Soybean futures are called steady to 1 cent lower. Overnight trade was 1/4 to 1 1/4 cents lower. Firm cash basis levels and commercial stopping of deliveries have been supportive the past couple of days. However, we look for futures to open slightly lower amid the outlook for favorable planting progress through the weekend.



Wheat futures are called steady to 1 cent lower. Overnight trade was 1 to 1 1/4 cents lower. The southern Plains are on the dry side, but fundamentals remain generally bearish given the favorable winter wheat crop conditions and strong spring wheat planting progress.



Cattle futures are called steady to lower. Cash trade remains on hold in the southern Plains, but early this week Nebraska trade slipped to $90-$91 from $92-$93. Weakness in beef prices will not help feedlots desire for higher bids. Boxed beef prices weak with Select cuts down $1.04 and Choice down $2.79.



Lean hog futures are called steady to mixed. Supplies of market ready hogs are tightening, but after the recent rally in cash prices packers may hold off on raising bids further. Pork cutouts were 78 cents higher yesterday, but packer margins are poor. We look for some mixed trade today.