Corn futures are called 1 cent higher. Overnight trade was 3/4 to 1 1/4 cents higher. Strong demand and ideas of index fund buying after the first of the year are expected to remain supportive factors. Weekly export sales to be released this morning are expected to be in the 34-41 million bushel range. The markets will close at noon CST today.



Soybean futures are called 1 to 2 cents higher. Overnight trade was 1/4 to 1 1/2 cents higher. Strong demand along with an anticipated switch in acreage from soybeans to corn next spring will be supportive. Soybean oil has also been supportive as palm oil has rallied to eight year highs. Weekly export sales are expected to range from 20-28 million bushels.



Wheat futures are called 1 to 2 cents higher. Overnight CBOT trade was 3/4 to 2 1/4 cents higher and the KCBT was 1 cent lower to 2 1/4 cents higher. Firm corn and soybean prices are expected to support wheat, but buying interest will be limited by sluggish demand and precipitation in the Plains. Weekly export sales are expected to be 13-20 million bushels.



Cattle futures are called firm on the open. Expected strength in the cash market is expected to support futures. Light trade developed in Nebraska at $88 live equivalent, up $3 from last week. Cattle marketings will be disrupted in the western Plains due to the developing storm in the western Plains. The market will close at noon CST today.



Lean hog futures are called steady to lower. Light pre-holiday trade is expected today, but the tone is expected to be lower. Cash markets are called steady to $1 lower as packers deal with the $1.14 drop in pork cutouts on Thursday.