Corn futures are trading steady to fractionally lower at midday. The market has been choppy this morning in a small range as traders wait for the Supply/Demand report due out Wednesday morning. March is unchanged at $1.96 1/4.



Soybean futures are higher at midsession. Support is being attributed to follow-through from yesterday's technical bounce. The average analysts estimate for USDA's ending stocks estimate due out tomorrow is for a slight increase. March is 4 cents higher at $5.05 1/4.



Wheat futures are higher at midsession. Continued short-covering from Monday and positioning ahead of tomorrow's Supply/Demand report are supporting the market. Analysts are looking for a slight decline in USDA's ending stocks estimate. CBOT Mar is 1 3/4 cents higher at $2.94 1/4, KCBT Mar is 1 1/4 higher at $3.27 1/2 and MGE is 2 1/4 higher at $3.40 1/2.



Cattle futures are trading higher this morning. Higher boxed beef prices yesterday and ideas of firm fed cattle cash trade this week are supporting futures. Showlists are smaller and wintery weather has hampered feedlot operations in the Plains. April is 88 cents higher at $89.53.



Lean hog futures are lower at midday. Pork cutouts were lower on Monday and cash hog markets are weak again today. Until cutouts and cash markets stabilize, we look for futures to trend lower. April is 43 cents lower at $73.93.