Corn futures are called steady to mixed. Overnight trade was steady to 1/2 of a cent higher. Futures traded lower yesterday, but a late rally helped trim losses. Weekly export sales have been sluggish recently and expectations are only for 26-34 million bushels. Forecasts for favorable planting weather into next week will limit new-crop.



Soybean futures are called 1 to 2 cents lower. Overnight trade was 1 3/4 to 2 1/2 cents lower. Technical weakness and generally favorable weather are bearish factors. Good corn planting progress will limit acreage switched to soybeans. Trade volume remains light and futures could remain choppy. Weekly export sales are expected to be 13-20 million bushels.



Wheat futures are called steady to mixed. Overnight trade was 1/2 of a cent higher to 1 lower. After the close yesterday, Iraq signed an agreement to purchase 660,000 tonnes of U.S. wheat. But the favorable wheat condition ratings and recently sluggish export demand will limit gains. Weekly sales are expected to be in the 11-18 million bushel range.



Cattle futures are called steady to higher. Light cash trade developed in Nebraska yesterday at $148 dressed, up $2-$3 from last week. The firm early week trade and boxed beef prices up 38 to 95 cents should support futures this morning.



Lean hog futures are called steady to lower. Increased slaughter has hit pork prices, with cutouts down $1.50 yesterday. However, cash bids are expected to hold if packers maintain aggressive slaughter schedules. The April contract expires today.