Corn futures are trading fractionally lower at midsession. The market is being pressured by light profit-taking from yesterday's gains and planting progress at 30% as of Sunday compared to the 5-year average of 22%. May is 3/4 of a cent lower at $2.12 1/2.



Soybean futures are slightly higher at midday. Fund buying is supporting the market despite the profit-taking that trimmed gains on Monday. Planting progress has been slowed by wet condition in the Delta. Cool and wet weather in the Midwest is also expected to delay crop progress some. May is 1/4 of a cent higher at $6.35 1/2.



Wheat futures are higher at midday. Technical buying and a slight declinen in the winter wheat crop rating last week are supporting the market. There is concern about cool and wet conditions in the Midwest and dry areas in the southern Plains. CBOT May is 2 3/4 cents higher at $3.23 1/2, KCBT May is 2 1/2 higher at $3.41 and MGE May is 4 1/4 higher at $3.41.



Cattle futures are mixed at midsession. Light profit-taking after the recent run to contract highs is being countered by expectations for firm cash trade this week. April is 5 cents higher at $93.80 and June is 3 cents lower at $87.10.



Lean hog futures are higher this morning. Steady to higher cash prices this morning are supporting futures. Packer margins remain poor, but pork cutouts were 55 cents higher on Monday. May is 105 points higher at 76.30 and June is 125 higher at $76.40.