Corn futures are trading lower at midsession. Sluggish weekly export sales and generally favorable early planting conditions are pressuring the market. However, losses are limited ahead of the Supply/Demand report due out Friday morning. May is trading 1 1/4 cents lower at $2.06.



Soybean futures are higher at midday. Follow-through technical buying from the firm close yesterday and firm cash markets are supportive. There is some talk that China may be in the market for more soybeans. May futures are 2 1/4 cents higher at $6.25 1/2.



Wheat futures are steady to lower at midsession. Weekly export sales were below trade expectations at only 7.5 million bushels. Favorable crop weather is a negative factor, but losses are limited ahead of the supply/demand report. CBOT May 1/4 of a cent lower at $3.14, KCBT May is steady at $3.24 3/4 and MGE May is 1 cent lower at $3.33.



Cattle futures are trading higher at midday. The discount of futures to expected cash trade is supporting the market. However, gains are limited as many traders wait for cash trade to develop. June is 20 cents higher at $73.73.



Lean hog futures are mostly higher at midsession. Short-covering following yesterday's losses have helped the market pull slightly higher. However, the April contract remains on the defensive due to weakness in the cash market. May is trading 5 cents higher at $74.55.