Corn futures are called 2 to 3 cents higher. Overnight trade was 2 3/4 to 3 1/4 cents higher. The very warm temperatures in much of the Corn are expected to offers support this morning. Although pollination is basically complete, the hot and dry weather will trim yields as the crop is trying to fill ears. The market is expected to hold in its recent trading range ahead of the Crop Production report due out next week.



Soybean futures are called 6 to 7 cents higher. Overnight trade was 6 1/4 to 7 cents higher. With the crop headed into the critical reproduction stage, weather remains the major market factor. Very warm and dry condition in the western crop belt will be supportive. While some cooler temperatures and scattered rains are expected midweek, forecasts call for the heat to return to the western Midwest.



Wheat futures are called 1 to 3 cents higher. Overnight CBOT trade was 2 1/2 to 4 3/4 cents higher and the KCBT was 1 1/4 to 3 cents higher. Spillover support is expected from corn and soybeans and recent price weakness has helped spur some export demand. However, near-term rally attempts will be limited by recent technical selling and spring wheat harvest pressure.



Cattle futures are called mixed on the open. Some cash trade took place on Friday at $79-$79.50, steady with the previous week. Beef prices have been declining, but they should begin to improve this week, which should help the cash market move higher. Beef shipments have begun to Japan, but volume is expected to be very slow for some time.



Lean hog futures are called steady to higher. The very warm temperatures in the central and western Corn Belt will limit marketings until midweek and has slowed rate of gains. We look for firm cash bids as packer margins have improved recently. Pork cutouts were up 52 cents on Friday.