Corn futures are trading lower at midsession. The March contract has dipped to news lows as well as some deferred months. Follow-through technical selling and the large crop remains bearish factors. March is 1 cent lower at $2.00 3/4.

Soybean futures are moderately lower again today. Continued technical weakness along with recent rainfall in Brazil is weighing on the market. Farmer selling has been light so far, but is expected to pick up with the new tax year. March is trading 9 3/4 cents lower at $5.25 3/4.

Wheat futures are lower at midday. Technical weakness is pressuring the market with the CBOT Mar hitting a new contract low. The record large world wheat crop and favorable winter wheat conditions ratings are fundamental bearish factors. CBOT Mar is 8 1/2 cents lower at $2.93 3/4, KCBT Mar is 3 1/2 cents lower at $3.27 and MGE Mar is 3 1/2 lower at $3.27.

Cattle futures are sharply higher as cold and wintery weather in the Plains is wet to stress cattle and delay marketings. Packers may be forced to raise bids to bring enough cattle to market. February is 145 points lower at $89.85.

Lean hog futures are trading lower at midday. Cash bids are higher again this morning, but futures premium to cash and some profit-taking from the recent runup is weighing on futures. February is 70 points lower at $76.00.