Corn futures are called steady to mixed. Overnight trade was 1/2 of a cent higher to 3/4 lower. Speculative buying has pushed prices higher recently, but generally bearish fundamentals could limit additional gains. Weekly export sales are expected this morning in the 28-39 million bushel range.



Soybean futures are called steady to 1 cent lower. Overnight trade was 1/4 to 1 1/4 cents lower. Fund selling pressured prices yesterday after technical resistance was not broken. Funds have been active the past few days so the market will likely remain volatile. Pre-report expectations for weekly export sales range from 12-20 million bushels.



Wheat futures are called steady to 1 cent higher. Overnight trade was 1/2 to 1 cent higher. The market has rebounded recently from oversold conditions. We'll see if there is any more interest left over this morning. Fundamentals remain mostly negative with the good winter wheat condition ratings. Weekly export sales are expected to be in the 12-20 million bushel range.



Cattle futures are called steady to higher. Light cash trade developed in Nebraska at $151 dressed, up $2-$3 from last week. Boxed beef prices were 61 to 82 cents higher yesterday, helping packer margins. Ideas of firm cash trade with last week's $92 is expected to support futures.



Lean hog futures are called steady to lower. With packers trying to ramp up slaughter again, pork cutouts fell $1.03. Poor packer margins, profit-taking and futures premium to cash are expected to limit the market on the open.