Corn futures are trading lower at midday. In light volume, profit-taking is weighing lightly on the market as traders exit early for Thanksgiving. Futures opened firm, but the lack of buying interest to push prices any higher led to the weakness. The market will close at noon CT. December is 2 3/4 cents lower at $3.58 1/2 and March is 3 cents lower at $3.74 1/4.



Soybean futures are lower at midsession. Firm overnight trade and spillover from soybean oil was initially supportive before profit-taking and weakness in corn weighed on the market. Trade activity is expected to remain slow ahead of the early close. January is 3 cents lower at $6.70 and March is 2 3/4 cents lower at $ 6.83 1/2.



Wheat futures are lower at midday. The market was initially supported by Egypt buying some U.S. soft red winter wheat. Dry weather in the hard red winter wheat belt remains a supportive factor. However, light profit-taking ahead of the holiday has pushed grain markets lower. CBOT Mar is 3/4 of a cent lower at $5.01, KCBT Mar is 1 3/4 cents lower at $5.29 1/4, and MGE Mar is 2 1/4 cents lower at $5.12.



Cattle futures are trading mixed at midsession. Profit-taking ahead of Thanksgiving holiday is pressuring prices slightly after a higher open. Firm boxed beef prices and cash trade this week were initially supportive. The market will be closing at noon CT today. December is 8 cents higher at $87.95 and February is 5 cents lower at $90.88.



Lean hog futures are lower at midday. Higher cash markets, firm pork prices, and technical buying fueled early gains before traders began taking some profits ahead of the holiday. Trade activity is expected to remain light the ahead of the early close. December is 30 cents lower at $62.05 and February is 20 cents lower at $66.35.