Corn futures are called 1 cent higher. Overnight trade was 1 to 1 1/2 cents higher. The market has been unable to push through resistance the past two sessions and the market drifted lower. We look for some renewed buying interest this morning on some fund buying ahead of the weekend.



Soybean futures are called 6 to 8 cents higher. Overnight trade ended 4 1/4 to 8 1/2 cents higher. Consolidation trade the last couple of days has trimmed gains from earlier in the week. However, some fund buying is expected on the open as futures have been able to hold above the gap set on Monday's rally.



Wheat futures are called 1 to 2 cents higher. Overnight trade was 1 1/4 to 2 1/2 cents higher. Fundamental support is expected to come from dry conditions in the southern Plains although forecasts are showing slightly warmer temperatures. Weekly export sales were strong last week for the HRW crop. Strength in the KCBT should help the other markets as well.



Cattle futures are called steady to mixed. Ideas that the cash market is topping and the recently set contract highs will limit buying interest today. However, cash fundamentals remain supportive with cleanup cash trade reported at $95 yesterday and boxed beef prices up $0.52 to $1.17.



Lean hog futures are called steady to lower. Cash markets are called lower again as packers have needs covered into next week. Pork cutouts have fallen sharply the past few days, but were up 36 cents yesterday. Losses may be limited by profit-taking from yesterday's sharp decline.