Corn futures are called steady to mixed. Overnight trade was steady to 3/4 of a cent higher. Position evening is expected ahead of the USDA reports due out Wednesday morning. Weekly export inspections were slow last week and about half the pace needed to reach last month's USDA export figure.



Soybeans are called steady to mixed. Overnight trade was steady to 1/4 of a cent lower. A late session rally helped pull prices higher yesterday despite trading lower most of the day. Firm basis levels and light country movement is a supportive factor for the nearby, but we look for choppy trade ahead of the USDA reports.



Wheat futures are called steady to mixed. Overnight trade was 1/4 of a cent lower to 1 cent higher. Yesterday's losses were attributed to position evening ahead of the USDA reports and more of the same is expected today. Winter wheat acreage is expected to be down slightly with the decline in SRW more than offsetting gains in HRW acreage.



Cattle futures are called higher. Spillover support and the sharp jump in cutouts will be supportive. Boxed beef prices were $4.33 to $4.44 higher yesterday on good demand and light offerings. Weather problems are expected in the Plains feedlot areas although some of the snow has been taken out of forecasts.



Hog futures are called steady to mixed. Cash markets are expected to be steady to slightly lower as packers have immediate needs covered and will not be forced to up bids due to adequate marketings. Pork cutouts were 35 cents higher yesterday, recovering a portion of recent losses.