Corn futures are trading slightly higher at midday. Market action has been limited ahead the Prospective Planting report, but light fund short-covering following recent weakness has helped pull prices higher. CBOT May is 3/4 of a cent higher at $2.13 1/2.



Soybean futures are trading mostly higher at midsession. Trade is thin and choppy ahead of the USDA reports due out Thursday. A firm dollar and only routine export is limiting losses. Traders are looking for planting intentions to be down 1.7 million acres from a year-ago. CBOT May is 1 1/4 cents higher at $6.27.



Wheat futures are mostly higher at midday. Light fund buying has been noted as traders even positions ahead of the USDA reports due out Thursday. Strong winter wheat condition ratings are limiting buying interest. CBOT May is 3/4 of a cent higher at $3.36 3/4, KCBT May is 1 1/4 cents higher at $3.47 1/2 and MGE May is 1/4 of a cent lower at $3.55.



Cattle futures are trading mostly higher this morning. Support is coming from spillover buying from yesterday's rally and optimism for higher cash trade. Traders are currently expecting $91-$92 cash trade this week. April is 45 points higher at $90.25.



Lean hog futures are higher except for the April contract. A weak undertone in the cash market is weighing on the nearby, but deferreds are higher with few signs of expanding production. April is 15 cents lower at $69.50 while June is 108 points higher at $79.40.