Corn futures are called 6 to 7 cents higher. Overnight trade was 6 1/2 to 7 3/4 cents higher. After a short round of profit-taking Friday, futures appear ready to move higher again. Bullish momentum and fund buying are expected to support the market. Recent gains in gold and crude oil have led to inflationary concerns, which are supporting to commodity prices.



Soybean futures are called 8 to 9 cents higher. Overnight trade was 8 3/4 to 9 1/4 cents higher. Strength overnight indicates that futures are ready to rally to new contract highs again today. With soybeans competing with corn for acreage this spring, the markets are taking turns leading the other one higher.



Wheat futures are called 5 to 8 cents higher. Overnight CBOT trade was 4 to 8 3/4 cents higher and the KCBT was 4 1/2 to 5 1/2 cents higher. Spillover strength in corn will be the main market factor driving wheat prices higher. However, the prospect of lower spring wheat acreage and seasonally tight cash wheat supplies are also supportive factors.



Cattle futures are called mixed on the open. The Cattle on Feed report released after the close was friendly for the June and August contracts. January placements plunged 23 percent to fall to the lowest level for the month since 1996. However, the April and February contracts may be slightly lower in response to the relatively light marketings in January.



Lean hog futures are called steady to higher. The market was able to bounce off of technical support on Friday. Cash markets are called steady to firm as snow will slow marketings in the upper Midwest. Pork cutouts were down strongly last week, but were able to bounce 40 cents on Friday.