Corn futures are called 2 to 3 cents lower. Overnight trade was 1/2 to 3 1/2 cents lower. Outside markets are expected to weigh on the crop markets this morning as Dow Jones futures and crude oil futures were lower overnight. Rainfall missed some areas of the Corn Belt this weekend, which should help planting progress. However, several chances of rain exist this week in the central, southern and eastern Midwest. Forecasts call for a drier trend next week.



Soybean futures are called 13 to 14 cents lower. Overnight trade was 11 to 14 1/4 cents lower. Talk that China is staying on the sidelines or is switching some export sales to the next marketing year helped push futures lower on Friday and are expected to weigh on the market again this morning. Outside market weakness is also expected with the losses in crude oil overnight and ideas that the stock market will open lower. Positioning ahead of the Supply/Demand report due out on Tuesday may limit losses as USDA is expected to tighten its ending stocks estimates.



Wheat futures are called 2 to 3 cents lower. Overnight trade was 2 1/4 to 4 1/2 cents lower and the KCBT was 1 1/2 to 3 1/4 cents lower. Spillover weakness from soybeans and outside markets are expected to weigh on futures. In the Supply/Demand report due out on Tuesday, USDA is expected to show an increase in U.S. ending stocks for the current marketing year, with stocks only declining slightly next year. However, losses may be limited by continued spring wheat planting delays and concern about the crop damage in Oklahoma's wheat crop from the early April freeze.



Cattle futures are called steady to higher. Boxed beef prices stabilized a little late last week and the volume of trade has picked up. Demand ahead of Memorial weekend from wholesalers should help support beef prices this week. Cash trade has been lower the past couple of weeks, but ideas for this week are for steady trade.



Lean hog futures are called higher on the open. Cash hog prices shot higher on Friday, gaining around $3 on average. Pork cutouts were also higher on Friday with pork cutouts up 73 cents. Recent improvement in packer margins should help to fuel slaughter schedules and cash hog prices the first half of this week.