Corn futures are called 3 to 4 cents higher. Overnight trade was 2 1/2 to 4 3/4 cents higher. The market has been choppy recently and after losses posted on Wednesday, futures are expected to open higher. Strong demand and the bullish longer-term ethanol projections will be supportive. Weekly export sales will be release this morning and are expected to be 32-39 million bushels.



Soybean futures are called 3 to 4 cents higher. Overnight trade was 1 3/4 to 5 3/4 cents higher. Expectations for firm corn prices this morning will be supportive. Fundamentals for soybeans remain bearish, but prices will need to keep pace with corn to limit acreage losses this spring. Weekly export sales are expected to be in the 17-24 million bushel range.



Wheat futures are called 3 to 4 cents higher. Overnight CBOT trade was 3 to 4 1/4 cents higher and the KCBT was 2 3/4 to 5 1/4 cents higher. After sharp gains on Tuesday and losses on Wednesday, we look for more subdued trade on the open. With corn expected to open higher, wheat will likely follow along. Export demand has improved recently and USDA will be releasing a new weekly sales report this morning. Traders are looking for commitments to be 15-20 million bushels.



Cattle futures are called steady to mixed. Traders will be evening positions ahead of the Cattle on Feed report due out Friday afternoon as well as waiting for cash trade to develop. The market is looking for mostly steady cash trade around $87 this week. Beef prices continue to decline, but packers have picked up chain speeds and should have the need to buy more cattle this week.



Lean hog futures are called higher on the open. Technical buying after futures pushed above some resistance yesterday and expectations for firm cash trade will be supportive. Packer margins are generally good and relatively tight hog supplies and lighter hog weights should benefit the cash market.