Corn futures are called 3-4 cents higher. Overnight trade was 3 to 3 3/4 cents higher. Weekend rains of 1/4 to a 1.0 inch were common over central and eastern areas of the Corn Belt. Light showers are forecast this week with cool temperatures and the 6-10 day forecast points to more of the same. Planting progress is expected to jump to close to 30% as of Sunday, but progress will likely slow from the fast pace experienced so far.



Soybean futures are called 8-10 cents higher. Overnight trade was 9-10 cents higher. In the overnight session, futures jumped to clear the highs posted last week. The technical action puts a decidedly positive spin on the charts. The fund buying continues to provide underlying support to the soy complex.



Wheat futures are called 3 cents higher. Overnight trade was 3-3 1/2 cents higher. Portions of the southern Plains received rain over the weekend of .25 to .75 of an inch. There are chances for additional precipitation today and later this week. Concern over planting delays in spring wheat along with the strength in the other grains should be supportive to wheat.



Cattle futures are called 25-50 points higher in reaction to USDA's Cattle on Feed report released after the close Friday. The report is viewed as positive for prices based on lower than expected placements and numbers on feed. March marketings were in line with the year-ago level compared, but well above expectations for a 3 to 4 percent decline suggesting feedlots are very current.



Lean hog futures are called steady to slightly higher. Cash markets look mostly steady. Packers are attempting to cut slaughter in order to support pork prices. Futures tumbled Friday on concern the slowdown in slaughter will cause cash hog supplies to backup. Futures tumbled and are near a test of the February lows. The cold storage report came in near expectations.