Corn futures are higher at midday. Concern about the slow pace of planting in the eastern Corn Belt, strength in crude oil and weakness in the dollar are supporting the market. Planting delays are expected to be drag on yield and will likely prevent some acreage from being planted to corn. Weekly export sales were above trade expectations, although shipments were below the pace needed to reach USDA's export forecast. July is 5 cents higher at $4.33 3/4 and December is 5 cents higher at $4.57 1/4.



Soybean futures are trading higher at midsession. Tight stocks and solid export demand are supporting the market with the decline in the dollar also a bullish factor. Export demand remains strong and shipments reported in the weekly export sales report were above the pace needed to reach USDA's export forecast. July is 5 cents higher at $11.84 and November is 1 cent higher at $10.54.



Wheat futures are solidly higher at midday. The market is being supported by reports of low yields and quality issues in the winter wheat crop and spring wheat planting delays. The drop in the value of the dollar is supportive because it should help export demand. Export demand has been rather sluggish and weekly export shipments last week were below the pace needed to reach USDA's export projection. CBOT July is 12 1/2 cents higher at $6.43, KCBT July is 12 cents higher at $6.92 3/4 and MGE July is 5 1/4 cents higher at $7.72 3/4.



Cattle futures are trading lower at midsession. Spillover weakness from hogs and lower cash bids this week are weighing on futures. In addition, choice beef prices were down $1.37 on Thursday. However, losses are being limited by the discount of futures to cash and weakness in the dollar this morning. June is 50 cents lower at $81.00 and August is 48 cents lower at $81.38.



Lean hog futures are sharply lower at midsession. The premium of futures to cash has led to fund long liquidation and sell-stops that have helped extend the losses. Concern about sluggish demand for pork is outweighing the outlook for tightening hog supplies. June is $1.65 lower at $63.75 and August is $2.03 cents lower at $66.10.