Corn futures are called 1 to 2 cents higher. Overnight trade was 1 1/4 to 2 1/4 cents higher. Light support is expected from the crude oil market bouncing off of lows to near unchanged in overnight trade while the dollar index was lower. Light volume trade is expected ahead of the holidays. Demand for corn remains a bearish market factor as exports are sluggish and ethanol producers are struggling at this time.



Soybean futures are called 1 to 2 cents higher. Overnight trade was 3/4 to 2 1/2 cents higher. Outside markets could provide some support with the weakness in the dollar overnight. Export demand remains strong and ending stocks projections are tight. However, gains may be limited by the Census Crush report due out ahead of the open. Crush continues to slow and trade expectations average 146.4 million bushel for November, down from 149.7 million in October. Also, weakness in Malaysian palm oil overnight may pressure soybean oil prices.



Wheat futures are called 6 to 8 cents lower. Overnight CBOT trade was 5 3/4 to 8 1/2 cents lower and the KCBT was 7 3/4 cents lower. While weakness in the dollar overnight is a supportive factor, the market is expected to be pressured by sluggish export demand. Weekly export inspections last week were only 9.8 million bushels while over 14 million is needed each week to reach USDA's 1 billion bushel forecast.



Cattle futures are called steady to mixed in light volume, pre-holiday trade. Cash trade could develop today as feedlots would like to finish business for the week ahead of Christmas. They will be able to draw on the $2.38 jump in choice cutouts on Monday.



Lean hog futures are called steady to mixed. Choppy trade is expected as market participants gear up for the Christmas holiday break. Cash markets are called steady to lower as most packers have needs covered until the end of the week. Margins remain tight and pork cutouts were down 82 cents on Monday.