Corn futures are called steady to 1 cent higher. Overnight trade was 1/2 to 3/4 of a cent higher. The market is making a small technical bounce and consolidating the recent drop to contract lows. However, buying interest should remain limited due to the strong pace of planting. Weekly export sales are expected to be in the 28-39 million bushel range.



Soybean futures are called 2 to 3 cents higher. Overnight trade was 2 3/4 to 3 cents higher. Favorable planting weather and rumors of soybean meal imports into the eastern U.S. were negative factors yesterday. But firm cash basis is expected to support the nearby. Weekly export sales are expected to fall in the 9-18 million bushel range.



Wheat futures are called steady to 1 cent higher. Overnight trade was 1/4 to 1 3/4 cents higher. Some frost damage is likely in the central Plains, but overall crop prospects remain strong. Support is expected from recent export business with Egypt. Weekly export sales are expected to be 11-17 million bushels.



Cattle futures are called steady to lower. Cash trade got started in Nebraska yesterday at $1-$2 lower. It will be hard for the southern Plains not to follow suit especially given the downturn in beef prices. Boxed beer prices were $0.37 to $1.27 lower.



Lean hog futures are called steady to higher. Tightening supplies of market ready hogs and rising pork cutouts should be supportive. Firm cash bids are expected following the $1.33 jump in cutouts yesterday.