Corn futures are called mixed. Overnight trade was 1/2 of a cent to 2 1/4 cents higher. The corn market is fundamentally weak, and failed to post gains Monday despite the rally in crude oil and the stock market. Spillover support from soybeans is likely, but the higher dollar this morning will add to selling pressure.

Soybean futures are called 4 to 6 cents higher. Overnight trade was 2 1/2 cents lower to 7 1/2 cents higher. Exports are progressing at a strong pace and stocks are tightening. U.S. soybeans are in strong demand, and the farmer strike in Argentina is seen adding to that demand. A setback in outside markets today will weigh on soybean futures.

Wheat futures are called steady. Overnight trade was 1 3/4 cents to 5 1/4 cents higher. New crop wheat contracts could see some support from forecasts for warm temperatures and drier conditions in the Southern Plains. This is weighed down by bearish old-crop fundamentals and large stocks. The higher dollar is also bearish.

Cattle futures are called higher. Prices are expected to open higher on follow-through from Monday's gains, but we could see a set-back in the stock market after Monday's strong rally. Boxed beef prices jumped higher, with the Choice up $1.70 to $134.89, and Select up 88 cents to $133.62.

Lean hog futures are called higher. Short-covering following Monday's sharp losses should carry futures higher. The boost in carcass value is favorable for packers, which could trigger some buying in the cash market. The cutout was up $1.41 Monday, following a jump of $2.07 Friday.