Corn futures are called steady to 1 cent higher. Overnight trade was 1/4 of a cent lower to 1 cent higher. We look for the market to open steady to firm following yesterday's sell-off. Cool and wet weather may slow planting progress and germination, but it is still early in the season. Weekly export sales are expected to be in the 28-35 million bushel range.



Soybean futures are called 4 to 6 cents higher. Overnight 4 1/4 to 6 1/2 cents higher. The discovery of Asian rust in Georgia will provide psychological support for the new-crop. Old-crop could find support from what is expected to be a strong Census crush report this morning. Weekly export sales are pegged in the 7-13 million bushel range.



Wheat futures are called steady to 1 cent higher. Overnight trade was 1/4 to 1 cent higher. With little new fundamental input, futures sold off yesterday. Futures are expected to bounce back higher this morning if export sales are decent. Weekly export sales are expected to fall in the 11-17 million bushel range.



Cattle futures are called lower. Light cash sales in the north at slightly lower money than the bulk of trade last week and spillover selling from yesterday are expected to weigh on futures. Ideas are that the cash market is topping. However, boxed beef prices continue to move higher with gains of $0.42 to $1.11 yesterday.



Lean hog futures are called steady to higher. Cash markets are called steady to firm following yesterday's $1.00 gain in cutouts. Seasonally, we are moving to a period of tighter supplies and improved demand for pork.