Corn futures are called 5 to 6 cents lower. Overnight trade was 6 to 6 3/4 cents lower in the most active contracts. The market is expected to open lower on forecasts for dry weather across the Corn Belt this week that should help planting progress. However, losses should be limited by the slow planting number expected in this afternoon's Crop Progress report and firm outside markets. Crude oil was higher overnight. Weekly export inspections will be reported this morning and they have been bullish recently. Export inspections need to be 37 million bushels to remain on pace to reach USDA's export projection.



Soybean futures are called 5 to 8 cents lower. Overnight trade was 4 1/4 to 8 1/4 cents lower. Forecasts that show drier weather in the Midwest this week will pressure prices as planting should make some good progress. Weekly export inspections could also be bearish as last week shipments were below the pace needed to reach USDA's export estimates. However, fundamentals remain mostly bullish with tight old-crop stocks and little cushion for production problems with this year's crop with relatively tight ending stocks projections for the next marketing year.



Wheat futures are called 4 to 6 cents lower. Overnight CBOT trade was 3 3/4 to 6 cents lower and the KCBT was 3 to 6 3/4 cents lower. Spillover selling from corn and soybeans and ideas that the weekly export inspections report will show a low number this morning will pressure prices. However, anticipation of this afternoon's Crop Progress report could help limit losses. Winter wheat condition ratings continue to struggle and spring wheat planting progress is expected to remain very far below normal.



Cattle futures are called mixed as choppy trade is expected to begin the week. Cash trade was up $1 last week and boxed beef prices were firm on Friday. However, traders are concerned about beef demand once Memorial Day orders are filled. The market was technically a little weak on Friday, falling below some moving averages.



Lean hog futures are called steady to lower. The cash market turned lower on Friday and poor packer margins are expected to weigh on cash bids today as. Packers could slow slaughter schedules as Memorial Day orders will soon be filled. Pork cutouts were 45 cents lower on Friday.