Corn futures are trading steady to slightly lower at midday. The lack of fresh news has left the market to trade steady or drift lower. The market is technically weak and fundamentals are negative with large stocks and light export demand. March is steady at $1.95.

Soybean futures are trading slightly lower at midsession. The market continues to drift lower, but has held above psychological support at $5.00 on the March contract. Trade activity is expected to remain light this afternoon. March is 1 cent lower at $5.01.

Wheat futures are trading mixed this morning. Light short-covering has helped some contracts, but the lack of supportive fundamental news and large world stocks of wheat continue to pressure the market. CBOT Mar is 1 1/4 cents lower at $2.88 1/2, KCBT Mar is 3/4 of a cent higher at $3.25 and MGE Mar is 1 1/2 cents lower at $3.36.

Cattle futures are trading lower at midsession. Profit-taking after recent gains are weighing on the market. However, losses are limited by the firm cash trade yesterday. February is 10 cents lower at $90.90 and April is 23 cents lower at $88.03.

Lean hog futures are mixed at midday. Light support is being generated from short-covering, but weak cash prices and expectations for weaker cash markets next week are limiting gains. February is 25 cents lower at $71.50 and April is 5 cents higher at $73.25.