Corn futures are called steady to 1 cent higher. Overnight trade was 1/4 to 3/4 of a cent higher. Planting progress was 79% complete as of Sunday, which was near expectations and well ahead of the 5-year average of 67%. However, emergence at 23% was below the average of 26%. This may provide some light support, but warmer weather this week should help the crop quickly catch up.



Soybean futures are called 2 to 3 cents higher. Overnight trade was 1 1/2 to 3 1/2 cents higher. Planting progress at 26% complete as of Sunday was slightly below expectations, but was above the 5-year average of 23%. Speculative buying has been supportive recently and should continue to support prices this morning.



Wheat futures are called steady to 1 cent higher with overnight trade closing a penny higher. Winter wheat condition ratings slipped to 59% good to excellent, down 4% from last week and 9% below two weeks ago. However, gains will be limited by forecasts for needed rainfall in the southern Plains. The MGE will be limited by spring wheat planting progress at 80% complete versus the 5-year average of 62%.



Cattle futures are called steady to higher. Firm trade yesterday and ideas of steady or only slightly lower cash trade this week should be supportive. Cash trade should hold mostly steady with smaller showlists this week and packer margins still in the black.



Lean hog futures are called steady to lower. Spillover weakness from yesterday and calls for lower cash bids today will weigh on the market. Packer margins are poor and several are slowing slaughter this week.