Corn futures are trading lower at midday. Long liquidation is weighing on the corn market again this morning. Ideas of firm trade were short-lived despite some concern about wet weather forecasts for the Midwest over the next couple of weeks that could slow some planting progress. May is 4 1/4 cents lower at $3.95 1/4 and December is 1 1/2 cents lower at $4.01 1/2.

Soybean futures are steady to lower at midsession. Spillover selling from corn and a drop in weekly export inspections are weighing on the market. Export shipments fell to 21.2 million bushels from 30.6 million the previous week. May is 2 1/2 cents lower at $7.51 and November is unchanged at $7.93 1/2.

Wheat futures are trading lower at midday. Weakness in corn, favorable crop weather in the Plains, and the lack of export news are weighing on the market. Weekly export inspections of 13.5 million bushels were down from 20.3 million the previous week. CBOT May is 4 1/4 cents lower at $4.56 1/2, KCBT May is 7 1/2 cents lower at $4.79, and MGE May is 6 1/4 cents lower at $4.97 1/4.

Cattle futures are higher at midsession. Gains are being attributed to short-covering following recent weakness. Cash fundamentals remain positive despite some weakness in beef prices late last week and packers lowering bids from earlier in the week. April is 30 cents higher at $97.40 and June 50 cents higher at $94.78.

Lean hog futures are trading slightly lower at midday. Futures trade is choppy due to the lack of direction from the cash market. Bids are mixed this morning, but the market is looking for mostly firm cash bids this week as packer margins remain in the black. April is 10 cents lower at $64.30 and June is 3 cents lower at $74.55.