Corn futures are trading lower at midsession. Strength in the dollar and weakness in crude oil are weighing on the corn market. Additional pressure is coming from generally favorable crop growing conditions. Most of the crop should pollinate under mild conditions. Spillover pressure is also coming from weakness in soybeans. September is 3 1/4 cents lower at $3.17 1/4 and December is 4 3/4 cents lower at $3.25.



Soybean futures are lower at midday. Favorable growing conditions for much of the crop and outside market weakness are bearish factors. Crude oil is lower and the dollar index is higher. Mild temperatures and chances of rain in the Midwest point to improving yield potential for the soybean crop, which is headed into the pod setting stage. August is 9 1/4 cents lower at $10.45 1/4 and November is 15 1/4 cents lower at $9.11 1/2.



Wheat futures are lower at midsession. Spillover pressure from corn and soybeans as well as outside market weakness are weighing on wheat prices. Strength in the dollar, sluggish export demand and ample global wheat stocks are also bearish factors. In addition, the Wheat Quality Council's first day of the spring wheat tour has showed better than expected yield estimates. CBOT Sep is 9 cents lower at $5.07 1/4, KCBT Sep is 6 1/2 cents lower at $5.43 1/2 and MGE Sep is 7 1/2 cents lower at $5.93.



Cattle futures are trading lower at midsession. Further losses in lean hogs and outside market weakness are weighing on cattle futures. The stock market is lower this morning while the dollar index is higher. Fund selling pushed some contracts below support levels, which triggered additional weakness from sell-stops. August is 83 cents lower at $84.10 and October is $1.08 lower at $89.50.



Lean hog futures are weak again at midday. Follow-through momentum from the losses in futures on Tuesday and the $2.11 drop in pork cutout yesterday are pressuring prices. Several packers are planning to slow slaughter plans, which will likely weigh on the cash market. Futures have fallen to technically oversold levels and are due for a short-covering bounce soon. August is 90 cents lower at $55.95 and October is 45 cents lower at $52.25.