Corn futures are trading lower at midsession. Consolidation of the strong gains on Friday and weakness in crude oil and gold markets are weighing on futures. Buying interest is also being limited by ideas of a large jump in acreage this spring. March is 2 1/2 cents lower at $4.03 3/4 and December is 3/4 of a cent lower at $3.98 1/2.

Soybean futures are lower at midday. Spillover weakness from soybean oil and profit-taking after hitting 1 1/2 year highs last week are weighing on the market. Soybean oil is following the weakness in crude oil this morning. March is 6 3/4 cents lower at $7.42 1/2 and November is 6 cents lower at $7.95.

Wheat futures are trading lower at midday. Grain markets are being pressured by weakness in crude oil and gold and a strong dollar. Export demand has improved recently, but a firm dollar could slow demand. Generally favorable winter wheat conditions are also a bearish factor. CBOT Mar is 5 1/4 cents lower at $4.55, KCBT Mar is 3 1/2 cents lower at $4.81 1/2, and MGE Mar is 5 1/2 cents lower at $4.91.

Cattle futures are trading mostly higher at midsession. Gains are being limited in the February contract due to the premium to the cash market last week. Deferred are being supported by rising beef prices that have pushed packer margins into the black. February is 15 cents higher at $93.35 and April is 63 cents higher at $95.43.

Lean hog futures are higher at midday. Support is coming from steady to firm cash prices. Cold weather and forecasts for snow should limit marketings early this week and packers are able to raise bids with five-month high pork prices pushing packer margins into positive territory. February is 53 cents lower at $66.80 and April is $1.05 higher at $67.90.