Corn futures are called 2 to 3 cents lower. Overnight trade was 2 1/4 to 3 1/2 cents lower. Gains were limited on Friday as technical resistance held. The market is expected to make another push at overhead resistance, but futures are expected to open lower on spillover pressure from wheat and soybeans and on forecasts for beneficial rainfall in the Midwest.



Soybean futures are called 10 to 12 cents lower. Overnight trade was 11 1/2 to 13 1/4 cents lower. Bearish fundamentals are expected to weigh on futures as overnight weakness spills over into the market. Forecasts calling for rainfall in the Midwest and concern that bird flu will hurt soybean meal demand are bearish fundamental factors.



Wheat futures are called 6 to 8 cents lower. Overnight trade was 6 to 8 1/2 cents lower. Weekend rainfall in the dry areas of the central and southern Plains was scattered and light. However, futures are called lower on forecasts calling for several weather fronts to bring good chances of rain to the Plains over the next couple of weeks.



Cattle futures are called steady to mixed. Cash trade developed late last week at mostly $88, down $1 from the previous week. The cash market is not expected to develop until late this week again. Packer margins are decent, but beef prices have been struggling recently. Boxed beef prices were $1.62 to $1.68 lower on Friday.



Lean hog futures are called steady to higher. Calls for steady to firm cash markets will be supportive. Packer margins improved last week although on Friday cutouts were 31 cents lower. Strong demand for ham ahead of Easter has helped support pork prices.