Corn futures are called 2 to 3 cents higher. Overnight trade was 2 3/4 to 3 3/4 cents higher. The market held technical support yesterday and it appears that the market will move higher again today with some spillover support from soybeans. The market is moving higher despite the pace of export shipments below what is needed to reach USDA's export forecast.



Soybean futures are called 10 to 12 cents higher. Overnight trade was 8 1/2 to 13 3/4 cents higher. It appears that yesterday's consolidation trade is done and speculative buyers are ready to jump back into action. Warm and dry weather conditions continue to hamper southern Brazil and parts of Argentina.



Wheat futures are called 2 to 3 cents higher. Overnight trade was 2 1/2 to 4 cents higher. Strength in the grain markets and wheat shipments running above the pace needed to reach USDA's export forecast are expected to be supportive again today. Yesterday's losses were attributed to consolidation.



Cattle futures are called steady to mixed. We look for choppy trade as the R-Calf court case takes place in Montana today. A decision is expected by the end of the week on the sought after injunction on Canadian cattle imports.



Lean hog futures are called steady to mixed. Technical strength and the 72 cent jump in cutouts will be supportive. However, the recent rally to new highs in several contracts could soon run into some profit-taking.