Corn futures are trading lower at midday, matching or setting new lows in most contracts. Forecasts calling for warmer temperatures and mostly dry weather this week in the Corn Belt should benefit planting progress and early season growth. July is 3 3/4 cents lower at $2.09 3/4.



Soybean futures are trading lower at midsession. Expectations for improved planting weather this week is weighing on the market. A firm U.S. dollar and news that China is not planning on revaluing their currency were additional bearish factors this morning. July is 7 1/4 cents lower at $6.19.



Wheat futures are lower at midday. Weakness is being attributed to ideas that weekend temperatures in the Plains were not enough to do any significant damage to the HRW crop. In addition forecasts call for some chances of rain in the dry southern Plains. CBOT Jul is 3 1/4 cents lower at $3.22 1/4, KCBT Jul is 6 cent slower at $3.22 3/4 and MGE Jul is 5 1/2 lower at $3.39 1/2.



Cattle futures are trading slightly higher at midsession. Most traders are on the sidelines, waiting to see how the cash market plays out this week after signs that it has topped. Cash trade slipped last week despite boxed beef prices jumping nearly $5 as packers look for increasing supplies of market ready cattle. June is 8 cents higher at $85.70.



Lean hog futures are higher again this morning on support from the cash market. Pork cutouts have failed to keep up with the rising cash market, but despite poor margins packers continue to raise bids. Traders are looking for the expected seasonal decline in hog numbers. June is 25 cents higher at $77.70.