Corn futures are higher at midday. The market is making a mild rebound after hitting two-month lows last week. Spillover strength from soybeans is also providing support. However, gains are being limited by weakness in the stock market and weekly export inspections that were below expectations at 26.4 million bushels. March is trading 2 3/4 cents higher at $3.53 and May is 3 cents higher at $3.62.

Soybean futures are trading higher at midsession. Gains are being attributed to a technical bounce after slipping to two-month lows last week and the possible implications from an Argentine farmer strike. Early advances have been trimmed by the stock market turning lower and the strength in the dollar index. Also, good rains were noted in Argentina this weekend with more chances of precipitation in the forecast. March is 8 1/2 cents higher at $8.71 and May is 11 cents higher at $8.74 1/4.

Wheat futures are lower at midday. The market is being pressured by the stock market turning lower, strength in the dollar, disappointing weekly export inspections, and Egypt's purchase of Russian wheat rather than from the U.S. this weekend. Losses are being limited by firm corn and soybean trade as well as continued dry conditions in the southern Plains. CBOT March is 6 1/2 cents lower at $5.12 3/4, KCBT March is 2 3/4 cents lower at $5.53 1/2 and MGE March is 4 cents lower at $6.20 3/4.

Cattle futures are trading mostly lower at midsession. Front end futures rebounded slightly from the contract lows set in the April contract on Friday. But futures have turned mostly lower amid weakness in the stock market. USDA's Cattle on Feed report was mostly neutral as it was near pre-report expectations, although it did show on-feed supplies at a five-year low. April is 8 cents higher at $80.75 while June is 5 cents lower at $81.50.

Lean hog futures are mostly higher at midday. The market is bouncing off of contract lows set on Friday. However, steady to lower cash markets are limiting gains. The Cold Storage report released on Friday afternoon showed record large pork stocks for the end of January and up 7% from last year, although the number was slightly below trade expectations. April is 65 cents higher at $58.60 and June is 20 cents higher at $71.18.