Corn futures are trading lower at midday. Mostly favorable planting weather and large stocks numbers are weighing on futures. USDA is expected to peg planting progress at 18%-20% this afternoon. May is 3/4 of a cent lower at $2.05 1/2.



Soybean futures are lower at midsession. The lack of supportive export news and generally favorable early season planting conditions are bearish factors. The new-crop November contract is hovering around the $6 area with little selling interest below that level. May is 4 1/4 cents lower at $6.12.



Wheat futures are mixed at midday. The CBOT is being pressured by disappointment that Egypt bought mostly French and Russian wheat this past weekend. The MGE and KCBT are slightly higher on a technical bounce following recent losses. CBOT May is 1 1/4 lower at $3.04, KCBT May is 1/4 lower at $3.15 and MGE May is 5 1/4 cents higher at $3.16 1/2.



Cattle futures are slightly higher at midsession. Traders are taking a wait and see attitude on how cash market prospects unfold this week. Cash traded firm last week at mostly $92. April is 38 cents higher at $89.83 and June is 8 higher at $84.50.



Lean hog futures are sharply lower at midday. Lower cash hog prices and the premium of futures to cash are contributing to the weakness. Fund selling has pushed some contracts down the limit. May is the limit 150 points lower at $74.35 and June is 130 lower at $76.60.