Corn futures are called steady to 1 cent lower. Overnight trade was 3/4 of a cent lower. The market was weak yesterday and we could see some follow-through selling today. Soil moisture levels are good and recent warm and dry weather should help planting progress in Midwest get a good start.



Soybean futures are called steady to 1 cent lower. Overnight trade was steady to 1 1/2 cents lower. The market ended mixed yesterday as traders look for direction. Prices have pulled back recently, but we'll see if support levels can hold the market from further weakness.



Wheat futures are called steady to mixed. Overnight trade was 1/4 of a cent higher to 1/2 lower. Winter wheat conditions ratings were not as high as expected at 68% good to excellent, but that is still above normal. Export demand has been sluggish with export shipments last week below the pace needed to reach USDA projections.



Cattle futures are called steady to mixed. Futures were technically weak on Monday, but are holding above support levels. Cash trade is not expected until later in the weak, but ideas that the cash market is topping has limited futures recently. Packer margins remain poor, but boxed beef prices were 71 to 88 cents higher yesterday.



Lean hog futures are called steady to mixed. Cash markets are called firm as packers attempt to get enough hogs to increase slaughter this week. However, packer margins have been trimmed with firm cash markets and yesterday's 35 cent drop in cutouts.