Corn futures are trading lower at midday as the market corrects from yesterday gains. The market has pushed to six-week highs before today's setback. A rebound in the value of the dollar was also a negative factor. March is 2 1/4 cents lower at $2.05 1/4.



Soybean futures are lower at midsession. The setback is attributed to technical selling following the recent strong rally. Increased cash selling and forecasts for some scattered rain in South America also are bearish factors. Mar is 6 cents lower at $5.71.



Wheat futures are trading mixed at midsession. Consolidation has kept the winter wheat markets mixed, but some strength at the CBOT was attributed to export activity overnight. The MGE is lower on profit-taking from recent gains. CBOT Mar is 2 1/2 cents higher at $3.15, KCBT Mar is 1 1/2 cents lower at $3.46 1/2 and MGE Mar is 10 1/2 cents lower at $3.42 1/2.



Cattle futures are trading mixed this morning. Weakening beef prices and poor packer margins are weighing on the nearby contract, but deferreds are slightly higher as traders wait for cash trade to develop. February is 45 points lower at $87.85 and Apr is 25 higher at $85.80.



Lean hog futures are sharply higher at midday. Steady to higher cash bids today and lower than expected pork stocks in yesterday's Cold Storage report are supporting the market despite futures premium to the CME lean hog index. April is 145 points higher at $75.00.