Corn futures are called steady to mixed. Overnight trade was 1/4 to 1/2 cents higher. Technical weakness has weighed on futures recently and the market has retraced gains from the past two weeks. Planting got started in strong fashion, but has been slowed recently. Forecasts call for more cool weather next week, but it is still early in the season.



Soybean futures are called 1 to 2 cents lower. Overnight trade was 3/4 to 1 3/4 cents lower. We look for prices to open lower, but would not be surprised by more volatility. Crush was better than expected and export demand continues to grind along. But ample U.S. stocks and global oilseed supplies remain limiting fundamental factors.



Wheat futures are called steady to 1 cent higher. Overnight trade was steady to 1 1/4 cents higher. There is some rain in the forecast for the Plains, but there is enough weather risk ahead to underpin the market for the near-term. Key technical support levels have held recently.



Cattle futures are called steady to mixed. Cash trade in Nebraska was down $1-$2 from last week, but traders may wait and see how cattle trade in the southern Plains. Talk of the market topping has weighed on futures recently, but boxed beef prices continue to climb, gaining 20 to 57 cents yesterday.



Lean hog futures are called steady to higher. Cash markets have been firm all week and we look for the same today. Market ready hog numbers seem to be tightening and packers will be bidding on hogs for next week.