Corn futures are called steady to mixed. Overnight trade was 1/4 to 1/2 of a cent higher. The recent rally in soybeans has benefited corn, but bearish fundamentals have limited gains. Supplies remain ample and cash movement has increased in response to the improved prices.



Soybean futures are called 3 to 4 cents higher. Overnight trade was 2 3/4 to 4 1/2 cents higher. Weekend weather in southern Brazil and Argentina was mostly warm and dry, but forecasts are showing chances of the pattern changing this week. This could limit gains today unless forecasts change.



Wheat futures are called 1 to 2 cents lower. Overnight trade was 1 1/4 to 1 3/4 cents lower. Fundamentals aren't providing much help to sustain the wheat rally. With funds position changing from a large short to a net long position, markets will need some positive fundamental news to push higher.



Cattle futures are called steady to mixed. The market has been supported by ideas the ban on Canadian cattle imports will drag on for a month or more. On the other hand, packers are announcing slaughter slowdowns due to poor margins. Cash trade was mostly $3 more last week, but boxed beef prices were $1.86 to $1.90 higher on Friday.



Lean hog futures are called steady to higher. Short-bought packers and Friday's 69 cent jump in cutouts should help cash bids open steady to firm today. However, futures premium to cash is expected to limit gains.