Corn futures are called 4 to 5 cents higher. Overnight trade in the most active contracts was 3 3/4 to 5 cents higher. The market rallied on light volume Friday and buying interest is expected to carryover to this morning. Strong export demand and disruptions to export programs in China and Argentina will provide fundamental support. Export commitments are already running 34% above year-ago.



Soybean futures are called 8 to 10 cents higher. Overnight trade was 8 1/4 to 10 cent higher in most active months. The market is expected to extend the rally on Friday this morning, which had pushed futures to new contract highs. Technical buying and spillover support from corn will be supportive. This year's large crop and projections for record carryover are expected to remain underlying bearish factors.



Wheat futures are called 4 to 6 cents higher. Overnight CBOT trade was 3 to 7 cents higher and the KCBT was 4 to 5 1/4 cents higher. Technical buying is expected this morning following the strength on Friday in light volume trade. Dry conditions in the Plains and tight global stocks of wheat will provide fundamental support. However, gains may be limited by rising acreage projections for the next crop year.



Cattle futures are called steady to mixed. The market is expected to be choppy until cash prospects become clearer. Boxed beef prices are expected to strengthen as post-Thanksgiving demand kicks in. Producers will look to build on cash market strength the past couple of weeks, but packers will be looking for rising numbers of market ready cattle to limit higher bids.



Lean hog futures are called steady to higher. Cash markets are called steady to $1 higher as packers need hogs for this week's slaughter. However, rising cash bids are expected to slow this week as packer margins have been trimmed with cash prices recently haven risen faster than cutouts.