Corn futures are trading narrowly mixed at midday. Technically, the market is strong but fundamentals are bearish. Activity has slowed as traders exit for the extended holiday weekend. The markets will close at noon CT today. March is unchanged at $2.12 3/4 and May is 1/4 of a cent higher at $2.21 3/4.



Soybean futures are slightly lower at midsession on a mild setback from recent gains. Pre-holiday position evening and reports of some scattered rainfall in South America are weighing on the market. Underlying technical support is limiting losses. January is 3 1/4 cents lower at $6.09 1/2 and March is 3 3/4 cents lower at $6.21 1/2.



Wheat futures are trading firm at midday. Technical strength is helping to support futures in light trading volume. Fund short-covering at the CBOT and supportive fundamentals for the KCBT are helping push prices higher. Dry conditions remain in the southern Plains. CBOT Mar is 2 1/4 cents higher at $3.33, KCBT Mar is 2 3/4 cents higher at $3.78 3/4 and MGE Mar is 2 1/2 cents higher at $3.82 1/2.



Cattle futures are trading slightly higher at midsession. Traders are evening positions ahead the holidays and Cattle on Feed report due out at noon CT. Futures will close at noon and will be off on Monday. February is 20 cents higher at $95.75 and April is 5 cents higher at $93.85.



Lean hog futures are mostly lower at midsession. Pre-holiday trade has been slow as market participants head for the exits ahead of the extended holiday weekend and next week's Hogs and Pigs report. February is 8 cents higher at $65.35 and April is 20 cents lower at $67.30.