Corn futures are called 1 cent higher. Overnight trade was 1/4 to 1 cent higher. Consolidation trade has trimmed the gains from the recent rally. Long-term fundamentals remain bearish, but it appears funds still want to buy. Weekly export sales to be released this morning are expected to be in the 18-26 million bushel range.



Soybean futures are called 2 to 3 cents higher. Overnight trade was 2 1/4 to 3 cents higher. After strong losses on Thursday, we look for some light strength this morning as technical trade dominates market action. Dry weather concerns remain for Argentina. On the other hand, feed demand concerns resurfaced yesterday with suspected bird flu deaths in Turkey. Weekly export sales are expected in the 17-24 million bushels.



Wheat futures are called steady to mixed. Overnight trade was 1/4 to 3/4 of a cent lower. Technical trade is expected to continue although export news is providing some direction. Egypt snubbed U.S. supplies in a recent wheat tender, but there is talk that Iraq has purchased some U.S. supplies. Weekly export sales are expected to be 9-17 million bushels.



Cattle futures are called steady to lower. Expectations for weaker cash prices and a decline in boxed beef cutout values will be bearish factors. Technically, the close on Thursday was rather negative after futures backed off early strength.



Lean hog futures are called steady to higher. Ideas that cash hog prices will improve next week will provide strength even though cash fundamentals have remained bearish this week. The cash market is called mixed with some firm bids possible in the western Corn Belt.