Corn futures are trading mostly steady at midsession. After opening firm on concern about the very warm temperatures in the Corn Belt, prices have backed off. The market has failed to get bulled over the hot weather as pollination is wrapping up and much of the central and eastern Corn Belt have recently received rain. September is steady at $2.37 3/4 and December is 1/4 of a cent lower at $2.54.



Soybean futures are higher at midday. Light technical buying following recent weakness and some end of the month positioning is providing light support. Weather remains mixed. Hot temperatures are forecast for the western Midwest into next week, but gains are being limited by forecasts for rain later next week and recent rainfall in the central and eastern crop belt. August is 2 3/4 cents higher at $5.76 3/4 and November is 2 3/4 cents higher at $5.97 3/4.



Wheat futures are trading mostly lower at midsession. Technical selling and the advancing spring wheat harvest are weighing lightly on the market. However, losses are being limited by the recent export business and the decline in spring wheat yields this year. CBOT Sep is 1/4 of a cent lower at $3.87 1/2, KCBT Sep is 1 1/4 cents lower at $4.84 1/4, and MGE Sep is 1 cent higher at $4.79.



Cattle futures are trading lower at midday. The market is being pressured by follow-through selling and ideas that warm temperatures this weekend will slow demand for beef. Cash trade remains on hold, but declining beef prices will limit packer's appetite for higher bids. August is 58 cents lower at $82.90 and October is 53 cents lower at $87.33.



Lean hog futures are higher at midsession. Technical buying following the recent rally and futures discount to the lean hog index are supporting the market. The market is concerned that warm temperatures will slow rate of gains and marketings into the middle of next week. August is 73 cents higher at $68.50 and October is 73 cents higher at $61.53.