Corn futures are called steady to 1 cent lower. Overnight trade was 1/2 to 1 cent lower. Fund liquidation has pressured prices recently, but we look for some choppy trade ahead of the Prospective Plantings report due out on Thursday. Traders will be looking for around a 2 million acre increase from last year.



Soybean futures are expected to open mixed. Overnight trade ranged from 2 cents higher to 3 1/4 lower in the new-crop November contract. After the recent correction, we look for mixed trade ahead of planting intentions due out later this week. Export sales were a marketing year low last week, but are on pace to reach USDA projections.



Wheat futures are called 1 to 2 cents lower. Overnight trade was 2 to 2 1/2 cents lower. The market was a little lower overnight and we look for light technical selling, but fundamental news remains limited. Planting Intentions on Thursday, weather, and export news will be market factors this week.



Cattle futures are called steady to mixed. Cash trade was firm last week at $90-$91. Feedlots will push for higher trade again this week, but rising cattle numbers and falling boxed beef prices raises some doubt. Futures will likely be choppy until cash prospects become more clear.



Lean hog futures are called steady to higher. The Hogs and Pigs report was fairly neutral, but slightly supportive for deferreds. Cash markets are called steady, but April future's premium could limit the front end.