Corn futures are trading lower at midday. Weakness in outside markets including crude oil and gold has contributed to the fund selling weakness. However, futures have bounced from the lows as the Dow Jones has been able to rebound this morning. May is 3 3/4 cents lower at $4.17 1/4 and December is 4 3/4 cents lower at $4.02.

Soybean futures are lower at midsession. The market is being pressured by weakness in outside markets and spillover selling from corn. Large production estimates for South America and increasing harvest progress in Brazil are also negative market factors. May is 9 1/2 cents lower at $7.44 and November is 9 1/4 cents lower at $7.82.

Wheat futures are trading lower at midsession. Concern about a slowing global economy has kept pressure on outside markets and agricultural commodities. However, wheat has been able to bounce from the lows along with corn. CBOT May is 2 1/4 cents lower at $4.71 1/2, KCBT May is 2 1/2 cents lower at $5.01 1/2, and MGE May is 4 1/2 cents lower at $5.08.

Cattle futures are trading lower at midday. Losses are being attributed to profit-taking following the strong gains and contract highs posted last week. Weakness is being limited by firm beef prices on Friday and the strength in the cash market last week. April is 33 cents lower at $97.33 and June is 33 cents lower at $95.18.

Lean hog futures are trading sharply lower at midsession. Weakness in the cash market as improved Midwest weather is bringing backed up hogs to market is weighing on futures. Lower corn prices are also a bearish factor for deferred contracts. April is $1.05 lower at $65.30 and June is $1.05 lower at $75.85.