Corn futures are called 3 to 4 cents higher. Overnight trade was 1/2 to 3 3/4 cents higher. Outside markets are expected to help lift corn prices. Crude oil traded higher overnight while the dollar setback. Planting delays in the eastern Corn Belt will remain supportive as the late planting will likely hurt yields and some acreage will likely be switched out of corn. Weekly export sales will be released this morning. Sales are expected to be 28-33 million bushels. Shipments need to be 38 million bushels to stay on pace with USDA's export forecast.



Soybean futures are called 7 to 9 cents higher. Overnight trade was 7 to 9 1/2 cents higher. The weekly export sales report could help counter some of the recent rumors that China was canceling some export purchases. Export sales are expected to be strong again at 26-33 million bushels. Shipments continue to run well above the pace needed to reach USDA's export forecast. Outside markets are expected to be supportive as Dow Jones futures and crude oil were higher overnight while the dollar was lower.



Wheat futures are called 5 to 6 cents higher. Overnight CBOT trade was 1 1/4 to 6 1/2 cents higher and the KCBT was 6 1/4 cents higher. The market continues to trend higher despite the profit-taking weakness at the MGE yesterday. Prices are expected to be higher this morning on support from outside markets and production problems. Spring wheat planting delays remain a concern and disease problems are expected to become more prevalent in winter wheat following recent rainfall. The weekly export sales report could be a bearish influence as shipments are expected to remain below the pace needed to reach USDA's export forecast.



Cattle futures are called steady to lower. Weakness in the cash market so far this week and the drop in boxed beef prices on Thursday are expected to weigh on futures trade. Cash trade developed at mostly $84 and $136 dressed, down $1 from the previous week. Choice cutouts were down $1.37 yesterday. Expected strength in the stock market this morning could help limited losses.



Lean hog futures are called steady to higher. Cash markets have turned higher this week as packers raise bids to bring enough hogs to market to fill slaughter schedules. The outlook for seasonally tightening hog numbers will also be supportive. However, gains may be limited by pork cutouts trading a little lower on Thursday.