Corn futures are trading steady to slightly higher at midday. Follow-through buying from yesterday's late session bounce and firm outside markets such as crude oil and gold are supporting trade. Generally favorable early planting progress in the southern U.S. and disappointing weekly export sales are limiting gains. May is unchanged at $4.04 3/4 and December is 1 1/2 cents higher at $4.03 1/4.



Soybean futures are trading lower at midsession. Market action has been mixed as traders look for direction. Weekly export sales were within trade expectations, but the large South American crop currently being harvested will soon displace demand for U.S. soybeans. May is 2 1/4 cents lower at $7.51 1/4 and November is 2 1/4 cents lower at $7.90.



Wheat futures are trading lower at midday. Favorable crop prospects for the U.S. and global wheat crops are weighing on the market. Weekly export sales were within pre-report expectations, but were not strong enough to generate any buying interest. CBOT May is 2 1/4 cents lower at $4.61, KCBT May is 1/4 of a cent lower at $4.86 1/2, and MGE May is 2 1/2 cents lower at $5.02.



Cattle futures are lower at midsession. The futures market continues to slide despite bullish fundamentals. Beef prices continue to rise and traders are looking for cash trade to be firm this week compared to the $98-$99 trade last week. April is 83 cents lower at $99.15 and June is 30 cents lower at $96.13.



Lean hog futures are trading mixed at midday. Cash markets have turned mostly lower today and with futures still at a premium to the lean hog index, the nearby contract is being pressured. Summer months are finding light support on ideas that yesterday's losses were overdone. April is 18 cents lower at $66.05 while June is 20 cents higher at $75.85.