Corn futures are trading steady to lower at midday. Light long liquidation is weighing on the market as traders wait for the March 30 Prospective Plantings report. Planting season weather forecasts are also being watched, but forecasts are not currently showing any clear patterns. May is unchanged at $3.98 and December is 1 1/4 cents lower at $4.04 3/4.



Soybean futures are trading slightly higher at midsession. Light commercial buying is underpinning futures with support from firm crude oil and gold markets and ideas of a large cut acreage this spring. However, advancing harvest progress of Brazil's record crop is bearish as their crop will soon displace demand for U.S. soybeans. May is 2 cents higher at $7.61 1/2 and November is 1 1/4 cents higher at $8.04 1/4.



Wheat futures are mixed at midday. The CBOT is being supported by a recent tender for U.S. soft red winter wheat from Egypt. The KCBT has been pulled slightly higher as well, but gains are being limited by forecasts for more beneficial rain in the Plains. CBOT May is 3 1/2 cents higher at $4.58 1/2, KCBT May is 1 1/2 cents higher at $4.80 1/2, and MGE May is 3/4 of a cent lower at $4.97 1/4.



Cattle futures are mixed at midsession. Spread activity is weighing lightly on April and supporting June. Losses in the nearby are being limited by ideas of mostly steady $98 cash trade this week. Beef prices have slipped off the highs from early last week, but boxed beef prices appear to be stabilizing. April is 35 cents lower at $97.45 and June is 5 cents higher at $94.90.



Lean hog futures are mixed at midday. Trade is choppy with most activity being reported as spreading the April/June contracts in light trade volume. The recently large slaughter has left wholesalers with a lot of pork to move. However, expectations for tightening hog numbers are offering underlying support. April is 18 cents lower at $64.20 and June is 28 cents higher at $74.90.