Corn futures are called steady to 1 cent higher. Overnight trade was steady to 1/2 of a cent higher. Rally attempts failed on Thursday, but oversold conditions could provide light support on the open. However, bearish fundamentals will likely limit any buying interest. Weekly export sales are expected to be in the 28-43 million bushel range.

Soybean futures are called 2 to 3 cents higher. Overnight trade was 2 1/2 to 2 3/4 cents higher. The market is expected to continue in consolidation trade this morning. Export demand from China and expectations for strong weekly export sales are expected to be supportive. Trade expectations fall in the 24-31 million bushel range.

Wheat futures are called 1 to 2 cents higher. Overnight trade ended 2 cents higher. The market rallied on Thursday on reports that Iraq is buying HRW from the U.S. That should continue to be supportive today. Dry weather in the southern Plains and crop stress in Russia and Ukraine will also be supportive factors. The export sales report is expected to be 11-18 million bushels.

Cattle futures are called mixed. Traders are expected to be evening positions ahead of the Cattle on Feed report due out this afternoon. The cash market has been firm so far this week, but news this morning that Japan will halt beef imports will be a bearish factor.

Lean hog futures are called steady to higher. The firming cash market is offering support to futures. Tighter supplies of market ready hogs could push higher bids again today as packers fill Saturday and early next week slaughter needs.