Corn futures are trading lower at midsession. Positioning ahead of the Supply/Demand report and forecasts for rain in the Corn Belt are weighing on the market. Planting progress has been strong and warmer weather this week should help emergence. July is 2 cents lower at $2.06 1/4.



Soybean futures are lower at midday. Weather forecasts look mostly favorable for the crop. Good planting progress is expected this week and chances of rain have improved in the eastern Midwest. Some weakness is also being attributed to position evening ahead of the Supply/Demand report. July is 3 1/2 cents lower at $6.30 1/2.



Wheat futures are trading lower at midday. Forecasts for much needed rain in the southern Plains and positioning ahead of the Supply/Demand report are weighing on futures. We expect a slightly bearish winter wheat production estimate from USDA tomorrow morning. CBOT July is 4 cents lower at $3.18 3/4, KCBT July is 4 cents lower at $3.18 3/4, MGE July 2 1/4 cents lower at $3.31.



Cattle futures are steady to mixed this morning. Traders are waiting for cash trade to develop for direction. Futures discount to cash is providing light support for June, but weakness in boxed beef prices is limiting gains. June is 10 cents higher at $86.20.



Lean hog futures are strong higher at midday. Cash markets are generally steady to lower, but fund buying has pushed futures higher. Expectations for improved demand and maybe better cash prices later this week are supporting futures. June is $1.70 higher at $77.00.