Corn futures are called 1 to 2 cents higher. Overnight trade was 1 to 2 1/2 cents higher. The market has been in consolidation mode the past couple of days, but has been encouraging by holding previous gains. Weekly export sales to be released this morning are expected to be decent, in the 28-35 million bushels range.



Soybean futures are called 8 to 9 cents higher. Overnight trade was 8 1/4 to 9 3/4 cents higher. After failing to push through resistance, futures ended lower yesterday. But we look for a higher open following strength overnight. Forecasts for Brazil will be watched closely ahead of the weekend. Weekly export sales are expected to be in the 7-15 million bushel range.



Wheat futures are called 1 to 2 cents higher. Overnight trade was 1 3/4 to 2 1/2 cents higher. Weekly export sales have been beating trade expectations the past few weeks. Pre-report expectations are only modest at 11-18 million bushels. If sales are decent, we look for futures to open higher.



Cattle futures are called steady to lower. Despite being short-bought last week, packers have held off steady or higher bids this week. Cash trade will be watched for direction, but no better than steady is expected. Beef prices have stabilized with boxed beef 50 cents higher to 11 lower yesterday.



Lean hog futures are called steady to lower. Given the drop in pork cutouts the past two days (-$1.82 on Thursday), we look for mostly lower cash bids. Weakening fundamentals and futures premium to cash will be negative factors.