Corn futures are trading slightly lower at midday. The market is drifting lower with little market moving news. Weekly export sales fell in the middle of pre-report trade expectations at 21.1 million bushels. March is 1 cents lower at $2.14 1/2 and May is 3/4 of a cent lower at $2.24.



Soybean futures are trading slightly higher at midsession. Light support is being generated from technical buying following yesterday's losses. However, the lack of fund buying and neutral to bearish weekly export sales are limiting gains. March is 1/2 of a cent higher at $6.19 and May is 1 1/2 cents higher at $6.29.



Wheat futures are strongly lower at midday. Follow-through technical selling and disappointing export sales are weighing on the market. Weekly sales were only 8.3 million bushels and the U.S. was recently snubbed by Egypt in a recent wheat tender. CBOT Mar is 6 1/4 cents lower at $3.33 1/2, KCBT Mar is 5 1/4 cents lower at $3.80 1/4 and MGE Mar is 5 1/2 cents lower at $3.85.



Cattle futures are trading lower at midsession. Cash trade has been limited so far this week, but some $94 trade was below previous expectations. Cash fundamentals are mostly negative with declining boxed beef prices and larger showlists. February is 43 cents lower at $95.85 and April is 18 cents lower at $94.38.



Lean hog futures are higher at midday. Expectations for firm cash hog prices next week are supporting the market. Gains are being limited by the premium of futures to the lean hog index. February is 13 cents higher at $64.75 and April is 28 cents higher at $68.00.