Corn futures are trading higher at midday. Spillover strength from soybeans and the lower than expected planting intentions number are supporting prices. USDA pegged planting intentions at 81.4 million acres versus pre-report estimates of 82.4 million. May is 3 3/4 cents higher at $2.16 1/4.



Soybean futures are strongly higher at midsession. End of the month positioning is supporting the market. March 1 stocks at 1.381 billion bushels were 39 million below expectations. However, planting intentions were 73.9 million acres, up 400,000 from pre-report estimate. May is 16 1/2 cents higher at $6.57 1/2.



Wheat futures are mostly higher at midday. Support is coming from spillover from soybeans and a lower than expected stocks number. However, the MGE is lower as spring wheat acreage intentions at 14.4 million acres are well above the 13.8 million expected. CBOT May is 3 cents higher at $3.36 1/2, KCBT May is 2 cents lower at $3.40 1/2 and MGE May is 3/4 lower at $3.49.



Cattle futures are steady to higher at midday, but have been choppy so far today. The strong cash trade in Nebraska yesterday is supportive, but gains are being limited by yesterday's reversal and profit-taking amid ideas the market is topping. April is unchanged at $89.75.



Lean hog futures are trading lower at midsession. April's premium to cash and liquidation are weighing lightly on the nearby contract despite firm cash markets. April is 13 cents lower at $68.58.