Corn futures are called 1 cent higher. Overnight trade was 1/2 to 1 1/4 cents higher. We look for a small rebound this morning following yesterday's losses. The market is expected to remain in a tight trading range the next couple of weeks. Weekly export sales to be released this morning is expected to be in the 24-34 million bushel range.



Soybean futures are called 4 to 5 cents higher following overnight trade that closed that way. The market rebounded from the lows yesterday to close near steady. Some rain in Argentina and forecasts for precipitation in southern Brazil was bearish, but the crop is still being stressed and rust remains an issue. Weekly export sales are expected at only 9-18 million bushels, but have recently been beating pre-report estimates.



Wheat futures are called 1 to 2 cents higher. Overnight trade was 1 1/4 to 2 1/4 cents higher. Some technical buying is expected following the recent decline. Increased country movement has weighed on prices and basis levels, especially in northern Plains spring wheat areas. However, basis started to firm in some areas yesterday. Pre-report weekly export sales range from 11-15 million bushels.



Cattle futures are called steady to mixed. The market will be watching for cash trade and market action may be limited ahead of Friday's Cattle on Feed report. Cash trade is expected to be mostly steady. Gains will be limited by weakness in beef of 74 to 79 cents yesterday.



Lean hog futures are called steady to mixed. Spillover buying and firm cash markets will be supportive. On the other hand, pork cutouts fell 97 cents yesterday and futures remain at a steep premium to the CME lean hog index.