Corn futures are called steady to 1 cent higher. Overnight trade was 1/4 to 3/4 of a cent higher. The market consolidated yesterday, but held the gains posted Monday. Speculative buying could again be supportive as cool and wet weather slows planting progress and early season growth.



Soybean futures are called mixed. Overnight trade had old-crop months fractionally lower while new-crop Nov was up 1 1/4 cents. Forecasts through next week look cool and wet for the Midwest, which will slow some early planting. Demand for soybeans remains strong and basis levels are firm, but soybean stocks remain ample.



Wheat futures are called steady to 1 cent higher. Overnight trade was 1/2 to 1 1/2 cents higher. Funds continued their buying spree yesterday. Weather remains a concern even through winter wheat conditions are strong. Conditions may decline in the near-term due to the cool, wet weather in the Midwest and dry conditions in the southern Plains.



Cattle futures are called steady to mixed. Near-term cash fundamentals remain bullish with tight supplies of market ready cattle and rising beef prices. Boxed beef prices were $1.87 to $1.95 higher yesterday. Mixed trade today is likely today as cash prospects are evaluated.



Lean hog futures are called steady to mixed. We could see some profit-taking following yesterday's gains. But losses should be limited by a steady to firm cash market. Pork cutouts were up 89 cents yesterday and packers need hogs for late week and Saturday slaughter.