Corn futures are called steady to 1 cent lower. Overnight trade was steady to 3/4 of a cent lower. Choppy trade is expected today with light speculative selling weighing on prices. The market's focus will be shifting to weather and planting progress across the southern U.S. as planting ramps up. USDA's Prospective Plantings report on March 30th will be the next big market mover.



Soybean futures are called 1 cent lower. Overnight trade was 3/4 to 1 cent lower in most actively trade contracts. Light speculative selling is expected to weigh on futures. Old-crop supplies remain large and South America is forecast to produce a record crop. Selling interest will be limited on ideas of a big acreage cut for soybeans this spring.



Wheat futures are called 1 to 2 cents lower. Overnight CBOT trade was 3/4 to 1 3/4 cents lower and the KCBT was 1 cent lower. The market is expected to hold in a sideways trading pattern for the near-term. Light spillover weakness in corn and soybeans are expected to weigh on prices this morning. The outlook for increased U.S. wheat production and a record world wheat crop will be a bearish factor.



Cattle futures are called steady to higher. Bullish momentum from last week and strong cash fundamentals should be supportive. Cash trade jumped to $98-$99 and beef prices were sharply higher last week. Expectations for firm cash markets again this week should help futures open firm today.



Lean hog futures are called steady to higher. Cash markets are called mixed this morning. Pork cutouts held up well last week given the fact that slaughter was up nearly 6% from year-ago. Cutouts were 99 cents higher on Friday. Strength in cattle and good packer demand should help the market open firm.