Corn futures are trading lower at midday. Disappointing weekly export sales and some improved planting weather across parts of the Corn Belt are negative factors. Spillover weakness from soybeans is also weighing on prices. July is 2 cents lower at $2.15.



Soybean futures opened higher, but quickly moved lower. Fund selling is pressuring the market despite ideas that nervousness about Asian rust being found in Georgia soybeans would support futures. July is 6 1/4 cents lower at $6.27 1/2.



Wheat futures have turned lower following the drop in soybean prices. Weekly export sales were at the high end of expectations this morning, but fund buying and selling seems to be controlling the market. CBOT Jul is 1 1/4 cents lower at $3.28, KCBT Jul is 1/2 of a cent lower at $3.31 and MGE Jul is 1 1/4 cents lower at $3.44 1/2.



Cattle futures are trading steady to mixed at midsession. Commercial buying and the more strength in boxed beef prices are supportive factors. But gains are being limited by ideas the market is topping. June is steady at $85.63.



Lean hog futures are higher this morning. Steady to higher cash hog prices and pork cutouts gains of $1 yesterday are supporting the market. Traders want to be long in anticipation of the seasonal decline in market ready hog numbers. June is 53 cents higher at $77.45.