Corn futures are called 3 to 4 cents higher. Overnight trade was 1 1/2 to 4 1/4 cents higher. Spillover support is expected from soybeans after a drier than expected weekend in southern Brazil. To a lesser extent than soybeans, corn yield will likely be trimmed. Gains may be limited by funds already covering most of their short position.



Soybean futures are called sharply higher. Overnight trade was 11 to 16 3/4 cents higher. The market remains volatile and less than expected rain in southern Brazil over the weekend and mostly dry forecasts for this week will be supportive. However, with the sharp rally the past two weeks leaves the market vulnerable for a setback.



Wheat futures are called 4 to 5 cents higher. Overnight trade was 3 1/2 to 7 cents higher. Spillover support is expected from soybeans. The pace of export sales has been better than expected, but stiff world competition is expected to limit demand for U.S. wheat.



Cattle futures are called steady to mixed. Cash cattle traded mostly at $87 last week, down $1 from the previous week. Boxed beef prices have stabilized with gains of 45 to 70 cents on Friday. On the hand, the market will be watching news about the reopening of the Canadian border.



Lean hog futures are called steady to higher. Cash bids ended last week mixed, but with the $1.12 jump in cutouts they are expected to be steady to firm this morning. Gains may be limited by futures premium to cash.