Corn futures are called steady to 1 cent lower. Overnight trade was 1 cent lower. Light technical selling is expected again on the open unless weekly export sales are better than expected. Export sales are expected to be in the 28-35 million bushel range.



Soybean futures are called mixed. Overnight trade pulled higher late in the session to end 1/2 to 1 1/4 cents higher. Futures were lower yesterday, but near the high end of the trading range. The market will be watching crush and export numbers for direction. The average trade estimate for Census crush in February is 137.9 million bushels. Weekly export sales are expected to fall in the 11-20 million bushel range.



Wheat futures are called 1 to 2 cents lower. Overnight trade was 1 to 2 1/4 cents lower. Technical selling has weighed on the markets lately, but fundamentals are mixed. Winter wheat conditions are mostly favorable, but export business has been decent. Weekly export sales to be released this morning are expected to be in the 15-18 million bushels.



Cattle futures are called steady to mixed as cash trade will be watched for direction. Some positive vibes were taken from Nebraska feedlots passing on $90 bids yesterday. However, packers are dealing with declining beef prices. Boxed beef prices were down $1.79 to $2.35 lower yesterday.



Lean hog futures are called steady to mixed ahead of this afternoon's Hogs and Pigs report. Spillover selling from yesterday could push prices lower, but traders will likely try to even some positions ahead of the report. Cash markets are called steady to lower with limited packer demand.