Corn futures are trading lower at midsession. Summer growing conditions continue to be good, with mild temperatures and periodic showers benefitting the crop. A report that 120,000 tonnes of U.S. corn sold for export is providing support. Weaker crude oil and forecasts for higher ending stocks in Friday's crop report are adding to weakness. Weekly inspections of 38.8 million bushels were higher than expected. September is 2 3/4 cents lower at $3.25 1/2 and December is 4 cents lower at $3.34.

Soybean futures are trading lower at midsession. Weekly inspections were within trade expectations at 10.9 million bushels, but 26 percent lower than the previous week. Favorable weather across the Midwest continues to pressure prices. Crude oil is down, which is adding to weakness. August is 16 1/2 cents lower at $10.28 1/4 and November is 13 1/2 cents lower at $9.03 1/2.

Wheat futures are trading higher at midday. Technical support has triggered some buying, as well as news that India has reinstated its ban on exports. Showers are slowing harvest in the Plains. The market is pressured by poor weekly inspections of 9.6 million bushels, down 36 percent from the previous week and below trade expectations. Higher stocks and production estimates in the supply/demand report are also bearish. CBOT September is 14 cents higher at $5.32 1/4, KCBT September is 14 1/4 cents higher at $5.33 and MGE September is 8 1/4 cents higher at $6.11.

Cattle futures are trading higher at midday. Technical buying rallied futures this morning, as well as follow-through support from good cash sales last week. Cash bids around $85 are drawing little interest. Trade last week was lower at $82. Average beef plant margins are reported negative $1.20 on Friday. August is $1.53 higher at $85.10 and October is $1.50 higher at $90.20.

Lean hog futures are trading mixed at midsession. Futures activity has been mostly technical this morning. Pork plants are reducing slaughter due to poor margins, which has led to the shutting down of production at three large plants for today. Cash hog trade is steady 50 cents lower, while the pork cutout on Friday was up 25 cents at $58.18. Three large pork plants are closed today. August is 50 cents higher at $64.10 and October is 45 cents higher at $59.10.