Corn futures are trading lower at midday. The market is slightly lower as traders are evening positions ahead of the weekend. With little fresh news, the market is expected to remain choppy today. March is 3 3/4 cents lower at $4.03 1/4 and December is 2 3/4 cents lower at $3.96 1/2.



Soybean futures are lower at midsession. With little fresh news, the market is drifting lower amid bearish fundamentals and weakness in corn. Despite strong demand, soybean supplies remain large and crop conditions are favorable in South America. March is 3 1/4 cents lower at $7.10 and November is 4 cents lower at $7.61 1/2.



Wheat futures are trading lower at midday. The market is holding in a trading range with little fresh news. The direction of corn trade continues to influence trade though. CBOT Mar is 4 cents lower at $4.64 3/4, KCBT Mar is 6 cents lower at $4.88, and MGE Mar 5 cents lower at $4.92.



Cattle futures are lower at midsession. Cash trade looks to be weaker this week following some lower trade in light volume yesterday. Declining beef prices and futures premium to cash are also bearish factors. USDA will release a new Cattle on Feed report after the close. February is 58 cents lower at $89.55 and April is 23 cents lower at $92.75.



Lean hog futures are trading mixed at midday. Light profit-taking is weighing on some contracts ahead of the weekend following the rise to contract highs this week. However, front end contracts are finding light support on steady to firm cash bids this morning. February is 5 cents higher at $63.40 while June is 20 cents lower at $76.45.