Corn futures were lower on Thursday. Bearish weekly export sales and forecasts for mostly favorable early planting weather in the Midwest were bearish factors. Firm cash basis levels helped limit losses. May fell 1 3/4 cents to close at $2.05 1/2.



Soybean futures turned lower into the close. Futures were higher most of the session, but when prices failed to push above resistance the market fell. Trade activity was light ahead of the supply/demand report due out Friday morning. May ended 1/4 of a cent higher at $6.23 1/2.



Wheat futures were narrowly mixed at the close Thursday. Ideas that the market is oversold provided light support. But poor weekly export sales and favorable weather in the forecast for the hard red winter wheat belt limited buying enthusiasm. CBOT May was unchanged at $3.14 1/4. KCBT May was also steady at $3.24 3/4. MGE May fell 1 1/2 cents to $3.32 1/2.



Cattle futures were narrowly mixed Thursday in a quiet session as traders awaited news from the cash market. Current ideas indicate that cash cattle will trade around $90 on Friday. The April contract slipped 17 points to close at $87.77. June futures fell 10 points to close at $83.42.



Lean hog futures were mixed, but mostly higher on Thursday. Gains were attributed to short covering after the recent declines. Cash prices continued to slide, but traders are reluctant to be short. April fell 37 points to $66.52 while June was up 8 cents at $76.83.