Corn futures are higher at midsession. Futures were lower most of the morning on profit-taking after the rally to 10-year highs this week. But a smaller than expected private acreage number and big weekly export sales have helped pull prices higher. March is 3/4 of a cent higher at $4.13 and December is 2 1/2 cents higher at $3.94.



Soybean futures are trading higher at midday. Strong weekly export sales and expectations of a significant amount of acreage shifting to corn this spring are supporting futures. However, big stocks of soybeans and favorable South American weather are limiting gains. March is 3 1/4 cents higher at $7.19 1/2 and November is 3 1/2 cents higher at $7.71.



Wheat futures are mixed at midsession. Consolidation in the corn market initially weighed on futures, but the CBOT has turned higher with corn. Also, weekly export sales were better than expected. The winter storm in the Plains is expected to bring more beneficial precipitation to the Plains. CBOT Mar is 1 cent higher at $4.72, KCBT Mar is 2 1/2 cents lower at $4.92 1/2, and MGE Mar is 2 1/2 cents lower at $4.99.



Cattle futures are trading lower at midday. Lower cash beef prices and talk that cash cattle may only trade steady this week versus earlier ideas of firm bids have weighed on prices. The worst of the winter storm in the Plains is expected to pass south of most feedlot areas. February is $1.28 lower at $91.13 and April is 55 cents lower at $93.00.



Lean hog futures are mostly lower at midsession. Steady cash hog prices and strong pork export demand were initially supportive. But most contracts have turned lower on some profit-taking ahead of the weekend. The July and August contracts did set new highs this morning. February is 18 cents lower at $61.63 and April is 18 cents lower at $65.48.