Corn futures are called 5 to 6 cents lower. Overnight trade was 5 1/2 to 6 1/4 cents lower. Strength in the dollar overnight is expected to weigh on the corn market. Sluggish export demand and beneficial rainfall in South America will also be bearish factors. Exports last week were disappointing at only 10.6 million bushels.



Soybean futures are called 1 to 2 cents higher. Overnight trade was 1 cent lower to 1 3/4 cents higher. Strong export demand and some buying following the small losses on Friday will be supportive. Weather is mixed in South America. Rain last week improved conditions in southern Brazil and parts of Argentina, but areas in eastern and southern Argentina remain very dry. Gains will be limited by strength in the dollar index overnight.



Wheat futures are called 10 to 11 cents lower. Overnight CBOT trade was 10 1/4 to 11 cents lower in most active months and the KCBT was 7 3/4 to 11 3/4 cents lower. With heavy competition to fill global export sales, strength in the U.S. dollar overnight will weigh on wheat futures as U.S. wheat will be less competitive. However, further losses are expected to be limited by the strong weekly export sales reported last week.



Cattle futures are called steady to higher. Firm cash trade on Friday is expected to support the market. Cash prices developed at $86-$87 live and $138 dressed. However, gains will be limited by concern that tightening margins will limit strength in the cash market unless beef prices can improve soon.



Lean hog futures are called steady to higher. Futures are expected to be supported by steady to firm cash markets. Pork cutouts were down 50 cents on Friday, but tightened hog numbers are expected to be supportive. Gains will be limited by futures premium to cash.