Corn futures are called 1 to 2 cents lower. Overnight trade was 1 to 1 1/2 cents lower. Despite weakness in soybeans and wheat, corn ended slightly higher last week. However, we look for prices to ease lower on the open with mostly favorable planting conditions in the Midwest.



Soybean futures are called mostly lower. Overnight trade showed May up 1 1/2 cents, but deferreds were steady to 1 3/4 cents lower. The funds seem to be in control of the market and more volatility is possible this week. Futures are expected to open a little lower with little fresh fundamental news available.



Wheat futures are called 1 to 2 cents lower. Overnight trade was 1 1/4 to 2 3/4 cents lower. Weakness last week has the charts looking poor. Technical selling, generally favorable winter wheat conditions, and the increased spring wheat planting intentions are expected to keep the market on the defensive.



Cattle futures are called steady to mixed. April may be limited by liquidation as today is first notice day. There may be some spillover buying from Friday's bounce, but ideas that cash prices have topped may limit buying.



Lean hog futures are called steady to higher. Cash markets are called steady to firm as favorable packer margins encourage increased slaughter. Spillover buying from Friday's rally should also be supportive.