Corn futures are trading steady to slightly lower at midsession. Weakness in crude oil and light speculative selling initially weighed on the market as the energy sector is having an increased influence on corn. However, gains in soybeans have helped pull prices off the lows for the day. May is unchanged at $4.17 1/2 and December is 1/4 of a cent lower at $4.07 1/2.

Soybean futures are trading higher at midsession. Early weakness in corn and crude oil initially weighed on futures. But prices have bounced higher on fund buying as soybeans attempt to buy some acreage back from corn this spring. May is 6 1/4 cents higher at $7.66 and November is 5 3/4 cents higher at $8.05 1/4.

Wheat futures are lower at midday. The market remains trapped in a trading range. Spillover weakness from corn and forecasts for a large U.S. wheat crop and record global wheat production are pressuring the market. CBOT May is 1 1/4 cents lower at $4.75 1/4, KCBT May is 2 3/4 cents lower at $4.99 1/4, and MGE May is 3 cents lower at $5.11 1/2.

Cattle futures are higher at midsession. Fund buying and expected higher cash markets this week are supporting futures. The April contract is leading the gains and is trading at 3-year highs. April is 100 points higher at $102.45 and June is 35 cents higher at $98.95.

Lean hog futures are trading mixed at midday. Early fund buying support led to a round of profit-taking following recent gains. The April contract is being supported by firm pork cutout values last Friday and ideas that hog marketings are current, which should help improve cash bids by later in the week. April is 5 cents higher at $68.00 and June is 35 cents lower at $78.40.