Corn futures are trading slightly lower at midday. Technically overbought conditions and reports that China sold about 2 million tonnes of corn were bearish factors on the open. Losses have since been trimmed as the weakness was seen as a buying opportunity. December is 3/4 of a cent lower at $3.12 and March is 1/2 cent lower at $3.24 1/4.

Soybean futures are higher midsession. After the recent runup, technical selling weighed on futures early. However, the market has turned higher on fund buying and fundamental support from strong basis levels in the Midwest despite harvest being around 80 percent complete. November is 3 cents higher at $6.09 1/2 and January is 2 cents higher at $6.22 1/4.

Wheat futures are trading mixed at midday. Initial losses were attributed to a technical correction from overbought conditions. A report that China sold 500,000 tonnes of wheat was bearish. However, the market remains volatile as the CBOT then turned higher. CBOT Dec is 2 1/2 cents higher at $5.07 1/2, KCBT Dec is 2 cents lower at $5.29, and MGE Dec is 2 1/4 cents lower at $5.07 1/2.

Cattle futures are trading higher at midsession. Cash trade late on Friday was supportive at $88-$88.50, which was generally steady with the previous week. Short-covering and fund buying have helped extend gains after pushing through some technical resistance. October is 98 cents higher at $88.65 and December is 93 cents higher at $88.00.

Lean hog futures are slightly higher at midday. The discount of futures to cash and the small uptick in pork cutout values late last week are offering support. There is talk of steady to higher cash hog prices later this week as packer demand remains strong given the large slaughter schedules. December is 35 cents higher at $59.70 and February is 33 cents higher at $62.33.