Corn futures are called steady to 1 cent lower. Overnight trade was 3/4 to 1 1/4 cents lower. Futures rallied late last week, but could not break through technical resistance. The market will be looking ahead to the USDA reports due out Wednesday for further news.

Soybean futures are called 4 to 5 cents lower. Overnight trade was 4 1/2 to 6 cents lower. Fund buying helped rally futures last week, but with trade expectations for record December 1 stocks to be reported by the USDA on Wednesday, we look for some weakness today.

Wheat futures are called 1 to 2 cents lower. Overnight trade was 1 34/tp 2 cents lower. After setting new contract lows early last week, the market was able to rally. Short-covering by the funds was noted ahead of the USDA reports on Wednesday. We look for some choppy technical trade today and tomorrow.

Cattle futures are called steady to higher. Packers are slowing slaughter, but boxed beef responded by jumping $2.53 to $2.62 on Friday. Forecasts for more weather problems in the feedlot areas in the Plains will also be supportive.

Lean hog futures are called steady to lower. Packer margins are poor and pork cutouts were $1.17 lower on Friday. There should be some backed up hogs coming to market early this week, but a mid-week storm could disrupt marketings again late this week.