Corn futures are trading higher at midday. The market had become oversold and was due for a bounce. USDA will report planting progress and conditions this afternoon. Planting progress has been strong, but cool weather has slowed emergence. July is 3 cents higher at $2.06 1/2.



Soybean futures are higher at midsession. The market is making a small recovery after falling to 2 1/2 month lows last Friday. NOPA crush was supportive at 134.2 million bushels in April compared to trade expectations of 129.3 million. July is 4 1/4 cents higher at $6.17.



Wheat futures are higher at midsession. Gains are being attributed to technical buying following last week's slide to 3-month lows. Despite some rain in the central and southern Plains last week, western regions remain on the dry side. CBOT July is 3 cents higher at $3.05 3/4, KCBT July is 3 cents higher at $3.12 1/2 and MGE July is 2 1/4 cents higher at $3.23 1/4.



Cattle futures are trading lower at midday. Concern that cash prices will move lower over the next few weeks and ideas that Friday's Cattle on Feed report will show large April placements are weighing on the market. June is 23 cents lower at $87.05.



Lean hog futures are slightly lower this morning. Cash markets are firm as improved margins are encouraging packers to increase slaughter. However, this is expected to weigh on cutouts and thus cash markets later this week or next week. June is 3 cents lower at $75.80.