Corn futures are called 1 to 2 cents higher. Overnight trade was 1 3/4 to 2 cents higher. Technical buying is expected to support the market. Fundamentally, strong weekly export sales last week and firming basis levels are supportive factors. Feed demand should stay strong with cattle on feed numbers up 4.5% from year-ago.



Soybean futures are called 7 to 8 cents higher. Overnight trade was 7 1/2 to 8 cents higher. The market is expected to build on last Friday's technical rally. Strong demand from China has helped basis levels improve. However, bearish long-term fundamentals could limit buying interest.



Wheat futures are called 1 to 2 cents higher. Overnight trade ended 1 1/2 cents higher. Spillover support is expected from corn and soybeans. Dry conditions remain a concern in the southern Plains. Iraq is planning on buying some U.S. wheat, although not as much as rumored last week.



Cattle futures are called steady to lower. The Cattle on Feed report last Friday was fairly neutral but reinforces the increasingly negative supply fundamentals for late spring and summer. Choice beef prices were $1.17 lower on Friday and uncertainty about how long Japan will ban U.S. beef imports are bearish factors.



Lean hog futures are called steady to higher. Strength in the cash market is expected to be supportive. Packers are said to be short-bought and pork cutouts were 47 cents higher on Friday. Price direction this week will probably depend on what cutout values do.