Corn futures are trading lower at midsession. Strength in the dollar and weakness in crude oil futures are weighing on the market. Export demand remains slow with weekly export inspections being reported this morning at 17.7 million bushels compared to trade expectations of 27-33 million. Further losses in futures are being limited by forecasts for another winter storm to hit the Corn Belt, which will further delay the last leg of harvest. March is 4 1/2 cents lower at $3.95 1/2 and May is 4 3/4 cents lower at $4.06.



Soybean futures are solidly lower at midday. The market is being pressured by strength in the dollar and weakness in crude oil. Generally favorable crop weather in Brazil and Argentina are also bearish factors. Weekly export inspections reported this morning of 29.9 million bushels were below trade expectations ranging from 35-52 million. January is 10 cents lower at $9.91 and March is 9 1/2 cents lower at $9.99.



Wheat futures are trading lower at midsession. Strength in the dollar and sluggish export demand are weighing on the market. Weekly export inspections last week were only 13.3 million bushels, which was at the low end of trade expectations. Abundant wheat supplies globally and the higher dollar will be limiting factors for U.S. wheat exports. CBOT March is 1 1/4 cents lower at $5.18 1/4, KCBT March is 5 cents lower at $5.11 1/4 and MGE March is 2 3/4 cents lower at $5.23 3/4.



Cattle futures are trading lower at midday. After opening higher, futures have turned lower on profit-taking from recent gains. Weakening choice beef prices and ideas that beef demand will be seasonally slow over the holidays are bearish factors. Cash markets are expected to be steady to firm, although packer needs will be limited by the plant closures over the holidays. December is 28 cents lower at $81.95 and February is 83 cents lower at $84.75.



Lean hog futures are trading steady to narrowly mixed at midsession. Thin trade ahead of the Christmas holiday and the Cold Storage report due out this afternoon is limiting movement. Pork prices were down $1.39 on Monday, but cash trade is generally steady this morning. February is 18 cents higher at $64.40 and April is 18 cents higher at $68.68.