Corn futures are trading lower at midday. Weakness in crude oil and the stock market are weighing on corn prices. Further losses are being limited by the supportive weekly export sales report. Old-crop commitments of 31.2 million bushels were above trade expectations. May is 6 cents lower at $3.57 1/2 and December is 6 cents lower at $3.87 3/4.



Soybean futures are strongly lower at midsession. Outside market weakness and a disappointing weekly export sales report are weighing on the market. Crude oil and the stock market are lower while the dollar is firm. Weekly export sales last week of 5.7 million bushels of old-crop were a marketing year low and well below pre-report trade estimates. May is 20 1/2 cents lower at $8.48 and November is 5 1/4 cents lower at $8.05.



Wheat futures are lower at midday. Spillover selling from corn and soybeans and weakness in the stock market are weighing on wheat trade. Strength in the dollar is also a bearish factor. Weekly export sales of old and new-crop were 11.3 million bushels, which fell below trade expectations. However, futures losses are being limited by short-covering. CBOT May is 8 cents lower at $5.15, KCBT May is 9 1/4 cents lower at $5.57 3/4 and MGE May is 5 cents lower at $6.01.



Cattle futures are trading lower at midsession. Weakness in the stock market is weighing on futures despite higher wholesale beef prices and firm cash market ideas. Tight supplies of market ready cattle and firming beef prices should help push the cash market higher. However, futures continue to be pulled by outside market influence. April is 88 cents lower at $83.78 and June is 90 cents lower at $82.15.



Lean hog futures are lower at midday. The decline in the stock market and lower pork cutouts prices on Wednesday are weighing on futures. The cash market has been moving higher this week, but poor packer margins could limit further strength for the near-term. April is 35 cents lower at $61.98 and June is 15 cents lower at $72.60.