Corn futures are trading slightly lower at midsession. Generally bearish fundamentals are weighing on the market, but selling interest is limited. Early season planting progress has been favorable and global stocks of feed grains are large. May is 1 3/4 cents lower at $2.05.



Soybean are mostly lower at midday in a quiet session. Deferreds are lower on slowing export demand and outlooks for a good soybean crop. May is fractionally higher with firm cash basis levels offering support. May is up 1/4 of a cent higher at $6.17 3/4, but July is 1 lower at $6.23 1/2.



Wheat futures are mixed at midsession. Slow exports and mostly favorable winter wheat condition ratings and weather are bearish factors. But oversold conditions are limiting losses and has spurred some short-covering. CBOT May is 1/2 of a cent higher at $3.11 1/2, KCBT May is 1/2 higher at $3.23 and MGE May is steady at $3.26.



Cattle futures are trading lower at midday. Some profit-taking following yesterday's gains and weakness in boxed beef prices are weighing lightly on futures. Traders are still looking for cash trade around $90 this week. June is 33 cents lower at $84.35.



Lean hog futures are mostly lower at midsession. Futures premium to cash and expectations for lighter slaughter schedules in the upcoming weeks are weighing on the market. Firm cash markets are supported the soon to expire April contract. April is 20 cents higher at $69.90, but May is 68 cents lower at $75.40.