Corn futures are trading mostly lower at midday. Futures continue to consolidate after the recent run to 10-year highs. However, the new-crop December contract has pushed higher as the competition for acreage this spring is supportive. March is 3 3/4 cents lower at $4.03 and December is 3 cents higher at $3.93 3/4.

Soybean futures are trading higher at midsession. The market has been able to bounce despite front end weakness in corn. The market is finding support from strong demand and ideas that soybeans will need to gain on corn to keep from losing more acreage this spring. March is 3 cents higher at $7.20 3/4 and November is 2 3/4 cents higher at $7.72.

Wheat futures are lower at midsession. Follow-through weakness from Friday, the lack of support from corn, and beneficial weekend precipitation in the southern Plains are weighing on the market. Traders were also disappointed that a large chunk of a weekend tender with Egypt went to Russia. CBOT Mar is 1 cent lower at $4.66, KCBT Mar is 1 1/4 cents lower at $4.88, and MGE Mar is 2 cents lower at $4.96.

Cattle futures are lower at midday. The market is being pressured by the weaker than expected cash trade last week and the premium of the nearby contract to the cash market. Beef prices appear to have made a near-term peak last week after reaching the highest level in nearly one-year. February is 60 cents lower at $90.45 and April is 10 cents lower at $92.98.

Lean hog futures are trading higher at midsession. Steady cash markets and strong pork export demand are supporting the futures market. Funds were noted buyers in the April contract this morning as the market looks technically strong. February is 43 cents higher at $62.00 and April is 70 cents higher at $66.30.