Corn futures are called steady to mixed. Overnight trade was 1/4 of a cent higher to 1/4 lower. After recent losses, it appears the market will try to stabilize on the open. The firming dollar and expectations for increased acreage this spring will limit rally attempts.



Soybean futures are called 2 to 3 cents higher. Overnight trade was 1 1/2 to 3 cents higher. Charts look like a near-term top is in place after the recent sell-off. We look for some consolidation trade on the open. Despite the decreased production in South America, world soybean stocks will grow.



Wheat futures are called steady to mixed. Overnight trade4 was steady to 1/4 of a cent higher. A firming dollar has raised concern about the competitiveness of U.S. wheat on the world market. However, weekly export inspections last week were above expectations and the pace needed to reach USDA's export forecast.



Cattle futures are called steady to mixed. Reduced slaughter plans this week ahead of Easter and the $0.27 to $1.13 drop in cutouts will likely limit cash trade. Uncertainty about Canadian cattle imports and Japan taking U.S. beef could keep futures choppy.



Lean hog futures are called steady to mixed. Cash trade is expected to be steady to lower following yesterday's big run. Traders may take to the sidelines ahead of this afternoon's Cold Storage report and the Hogs and Pigs report due out at the end of the week.