Corn futures are trading lower at midsession. Strong planting progress couple with the large stocks of global feedgrain supplies are weighing on futures. Some beneficial rainfall is forecasts for the western Corn Belt. July is 1 cent lower at $2.07.



Soybean futures are steady to lightly lower at midday. The lack of supportive news and the strong planting progress this week are negative factors. But the firm cash market is helping to limit losses. July is steady at $6.28 3/4.



Wheat futures are mixed at midsession. Market sentiment remains bearish amid ideas of good winter wheat yields and strong spring wheat planting progress. However, light technical buying following recent losses have pulled most contracts higher. CBOT July is 1 1/2 cents higher at $3.15 1/4, KCBT July is 1 cents higher at $3.16 1/2 and MGE July is 3/4 of a cent lower at $3.31.



Cattle futures are slightly lower this morning. Traders are waiting for the cash market to develop in the southern Plains. However, ideas of lower trade and weakness in boxed beef prices of $1.04 to $2.79 on Thursday are bearish factors. June is 38 points lower at $85.05.



Lean hog futures are lower at midday. Front-end futures are leading the decline on ideas the cash market has hit a near-term top. Cash bids are steady to lower this morning as packers are dealing with the worst margins since early March. June is 108 points lower at $76.15.