Corn futures are trading lower at midday. The market is drifting lower amid generally bearish fundamentals. Large global stocks and generally favorable early planting weather in the Midwest are bearish factors. May is 2 cents lower at $2.10 3/4.

Soybean futures are lower at midsession. Follow-through technical selling is keeping the market on the defensive. But losses are being limited by higher than expected weekly export inspections of 16.7 million bushels. May is trading 1 cent lower at $6.13.

Wheat futures are lower at midday. The market is being pressured by sluggish export demand and favorable crop weather. USDA will issue the first national winter wheat crop condition rating of the spring this afternoon. CBOT May is 2 cents lower at $3.20 1/2, KCBT May is 2 3/4 cents lower at $3.28 3/4 and MGE May is 2 cents lower at $3.33 1/2.

Cattle futures are trading higher at midsession. The discount of futures to last week's cash trade and talk of tight showlists this week are supporting the market. Boxed beef prices were firm on Friday, but packer margins are negative. April is 33 cents higher at $90.05.

Lean hog futures are lower at midday. Profit-taking from recent gains are weighing on the market despite steady to higher cash market. Packer margins are favorable and slaughter is expected to be ramped up this week. April is down 15 cents at $70.00 and May is 80 cents lower at $77.80.