Corn futures are trading lower at midsession. Strength in the dollar today is weighing on the market as export demand remains sluggish. Firm crude oil prices and strength in soybeans are helping to limit losses. Stress to the corn crop in Argentina is also a bullish factor as forecasts look hot and dry. March is 5 cents lower at $4.07 1/4 and July is 5 1/4 cents lower at $4.27 3/4.

Soybean futures are higher at midday. Strong demand for U.S. soybeans and crop concerns in South America are supporting the market despite strength in the dollar. Rain helped crop conditions in southern Brazil and parts of Argentina last week, but much of Argentina remains on the dry side as weather forecasts point to warmer and drier weather. January is trading 8 cents higher at $9.78 and March is 5 cents higher at $9.82.

Wheat futures are lower at midsession. Sluggish export demand and strength in the U.S. dollar index are weighing on the market. Weather forecasts for the winter wheat crop are non-threatening for the next week to ten days. CBOT March is 10 1/2 cents lower at $6.00 1/2, KCBT March is 11 3/4 cents lower at $6.21 3/4 and MGE March is 7 3/4 cents lower at $6.47 1/2.

Cattle futures are trading steady to lower at midsession. Profit-taking from recent gains and strength in the dollar index are bearish factors. However, losses are being limited by the firm tone in the cash market last week. Cash trade developed at $86-$87 in the southern Plains and $138 dressed in Nebraska. February is unchanged at $87.10 and April is 30 cents lower at $90.45.

Lean hog futures are lower at midday. Futures opened higher, but turned lower on profit-taking. The premium of futures to cash and tightened packer margins are bearish factors. Strength in the dollar is a negative factor for exports although trade is expected to resume soon with Mexico and Russia should be buying U.S. pork in the near-term. February is 75 cents lower at $63.10 and April is 53 cents lower at $70.75.