Corn futures are trading slightly higher at midday. Weekly export sales were above trade expectations at 36 million bushels. New-crop gains are being limited by good early season planting progress and mostly favorable forecasts for the next couple of weeks. May is 1 1/4 cents higher at $2.07.



Soybean futures are trading lower at midsession. Weekly export sales were a marketing year low of only 4.7 million bushels. Strength in the dollar and large global supplies of oilseeds are negative factors despite a slightly supportive NOPA crush number of 141.6 million bushels. May is 3 1/4 cents lower at $6.20.



Wheat futures are mixed, but mostly lower at midday. Favorable wheat condition ratings and weather along with the lack of supportive export news have pushed prices mostly lower. Export sales were neutral at 14.3 million bushels. CBOT May is 1 1/2 cents lower at $3.09, KCBT May is 1/4 of a cent higher at $3.21 1/2 and MGE May is 1 1/2 lower at $3.25 1/2.



Cattle futures are trading higher this morning. Higher fed cattle trade in Nebraska on Wednesday is offering support. Some cattle traded at $148 dressed, up $2-$3 from last week. Also, boxed beef prices were firm. April is 78 cents higher at $89.80 and June is 68 cents higher at $84.95.



Lean hog futures are trading lower at midday. The premium of futures to cash and sharply lower cutouts on Wednesday are weighing on the market. Cash hog prices were steady to firm this morning despite negative packer margins. May is 68 cents lower at $74.95.