Corn futures are called 2 to 4 cents higher. Overnight trade was 2 1/2 to 4 1/4 cents higher. Strong export demand is expected to support futures following the strength overnight. The market is looking for weekly export sales to be in the 39-51 million bushel range. However, with the funds holding a record net long position, the market remains vulnerable to a sell-off if they begin to liquidate.



Soybean futures are called 4 to 5 cents higher. Overnight trade was 3 3/4 to 5 cents higher. The market is expected to build off overnight strength as the market rebounds from yesterday's losses. The weekly export sales and Census Crush reports could provide some direction. Weekly export sales are expected to be between 22-29 million bushels and Census November crush around 155 million bushels. Weak cash markets and favorable growing conditions in South America should limit rally attempts.

Wheat futures are called 3 to 4 cents higher. Overnight trade at the CBOT and KCBT were 2 to 4 3/4 cents higher. Market activity is expected to remain slow in thin volume ahead of the holidays. Futures have been able to hold above recent lows despite beneficial moisture in hard red winter wheat belt. Technical support and expectations for firm corn and soybean markets should offer support. Weekly export sales are pegged at 13-22 million bushels.



Cattle futures are called mixed on the open. Market activity is expected to be limited by positioning ahead of the Cattle on feed report due out Friday afternoon and thin volume ahead of the holidays. Ideas of firm cash trade this week and forecasts for wintery weather in the Plains will be supportive, but that was largely factored into the market with yesterday's gains.



Lean hog futures are called steady to mixed. Cash markets are expected to be steady to firm this morning, but the futures market is called mixed as traders are concerned that the winter storm will disrupt marketings and backup hogs. Caution ahead of the storage data due out after the close today will limit buying interest.