Corn futures are called 2 to 3 cents lower. Overnight trade was 2 to 2 3/4 cents lower. Weather forecasts call for warmer temperatures later this week, which should help germination and early season growth. Cool and wet weather has slowed planting progress in the eastern Corn Belt, but the northwestern areas should have made some good progress last week.



Soybean futures are called 4 to 6 cents lower. Overnight trade was 4 3/4 to 6 1/2 cents lower. After attempting to rally on Friday, end of the month profit-taking weighed on futures late in the session. We look for continued weakness this morning with weather forecasts showing warmer weather for the Midwest this week.



Wheat futures are called 3 to 4 cents lower. Overnight trade was 3 to 3 3/4 cents lower. Cold weather this weekend may slow some winter wheat development, but no significant damage to yield potential is expected. With corn and soybeans called lower, we look to wheat to follow along.



Cattle futures are called steady to mixed. Beef demand remains strong with boxed beef prices gaining nearly $5 last week and 34 to 42 cents higher on Friday. But ideas the cash market has topped amid the soon to be increasing supply of market ready cattle will be a negative influence.



Lean hog futures are called steady to higher. Bullish momentum and expectations for firm cash trade will be supportive for futures this morning. Market ready hog numbers appear to be tightening and pork cutouts were 68 cents higher on Friday.