Corn futures are called steady to 1 cent higher. Overnight trade was steady to 3/4 of a cent higher. Corn planting intentions were less than expected in yesterday's report and weekly export sales were strong. However, the volatile soybean market could influence prices.



Soybean futures are called steady to 2 cents higher. Overnight trade was 2 cents lower to 2 higher. The market was very volatile yesterday, trading strongly higher most of the session only to sell-off late in the day. We look for a higher open following mostly firm overnight trade, but further market gyrations would not be surprising.



Wheat futures are called 2 to 3 cents lower. Overnight trade was 2 1/4 to 3 1/2 cents lower. Fund buying supported prices yesterday before the late sell-off in soybeans pressured wheat. USDA's stock estimate was lower than expected, but the MGE could remain under pressure due to the increased spring wheat planting intentions number.



Cattle are called steady to mixed. The market is waiting for cash trade to develop in the southern Plains. Strong cash trade has been noted in Nebraska, but so far other packers have resisted raising bids enough to move cattle. Boxed beef prices were $0.63 to $1.21 higher on Thursday.



Lean hog futures are called steady to mixed. Cash prices are expected to mostly steady. Packers are planning a large Saturday kill to make up for slowdowns around the Easter weekend. There seems to be little market moving news this morning.