Corn futures are called steady to 1 to 2 cents higher. Overnight trade was 1 1/4 to 1 3/4 cents higher. Light technical buying is expected to support futures this morning, but buying interest is expected to be limited by the strong pace of planting. Warmer weather and chances of rain should help germination and conditions of the crop.



Soybean futures are called 3 to 5 cents higher with overnight trade closing in that same range. Commodity funds appear to be in the buying mode with nearby contracts also finding support from firm cash basis. However, favorable planting weather and warmer weather is expected to limit gains in the new-crop contract.



Wheat futures are called steady to 1 cent higher. Overnight trade was 1/2 to 1 1/4 cents higher. There is enough weather uncertainty to offer some support. Lighter than expected rainfall in the central and southern Plains and some freeze damage showing up spark some light buying interest this morning.



Cattle futures are called steady to lower. Cash trade slipped $1-$2 last week and beef prices have turned lower. Boxed beef prices were $1.14-$1.16 lower on Friday. Growing showlists are expected to keep the cash market from rebounding from the $90-$91 trade last week.



Lean hog futures are called steady to mixed. Tightening supplies of market ready hogs pushed cash prices higher last week. However, poor margins are plaguing packers and they are said to be slowing slaughter this week. Pork cutouts were 80 cents higher on Friday, but are still well below profitable levels for packers.