Corn futures are trading slightly higher at midsession, with the July lower ahead of expiration at midday. Outside markets are supportive, as well as evidence in Monday's Crop Progress report that silking is behind at 16 percent compared to the five-year average of 32 percent. That will need to improve and temperatures turn a little higher ahead of pollination. Crop Conditions continue to be good. September is 4 cents higher at $3.35 3/4 and December is 3 1/4 cents higher at $3.42 3/4.

Soybean futures are trading mostly lower at midsession, with the nearby July down hard ahead of expiration. Crop conditions are good, but plant progress is lagging, with only 24 percent blooming compared to the five-year average of 43 percent. As long as crop reports and weather forecasts continue to be good it will make it hard for futures to move much higher. August is 3 cents lower at $10.15 1/2 and November is 3/4 of a cent lower at $9.54 3/4.

Wheat futures are trading lower at midday. Australia's early marketing of new-crop wheat for the season is weighing on futures, with buyers rushing to take advantage of the lower prices. Harvest in the U.S. continues to pressure the market as well as improved spring wheat crop conditions. News that India will ban exports is supportive. CBOT September is 9 cents lower at $5.33 3/4, KCBT September is 8 cents lower at $5.63 and MGE September is 4 1/2 cents lower at $6.16 3/4.

Cattle futures are trading lower at midday. Fund buying carried prices higher Monday, but has yet to initiate this morning. Support was mostly technical. Cash trade later in the week is expected to be steady with last week's $82. Boxed beef prices are still struggling, with the choice up only 20 cents and select down 91 cents. August is 3 cents higher at $84.80 and October is 35 cents lower at $89.90.

Lean hog futures are trading mostly higher at midsession. The market seems to be acknowledging the contraction in hog numbers that is likely to come. The carcass value has recovered from its recent lows, gaining $1.17 to put it at $59.35 on Monday. However, packers are still in the red and are planning on a smaller slaughter this week. August is 95 cents higher at $63.95 and October is 55 cents higher at $59.35.