Corn futures are lower at midsession. Weather forecasts calling for improved weather conditions for planting are weighing on futures. Warmer temperatures will help spring fieldwork and planting progress, although forecasts still call for chances of rain this weekend and early next week in the already wet southern and eastern Corn Belt. May is 3 cents lower at $4.00 1/2 and December is 2 3/4 cents lower at $4.22.



Soybean futures are higher at midday. Tight old-crop stocks and strong demand from China have helped continue the bullish momentum. New-crop months have also been pulled higher as crop markets continue to bid for acreage this spring. May is 6 1/2 cents higher at $10.42 1/2 and November is 5 3/4 cents higher at $9.45.



Wheat futures are trading mostly higher at midsession. Short-covering has helped push the market higher, although gains are being limited by generally bearish weather. Rainfall in the central and southern Plains will benefit HRW wheat crop conditions and spring wheat planting progress should improve with drier weather in the northern Plains. CBOT May is 1/2 of a cent higher at $5.22 3/4, KCBT May is 3 1/2 cents higher at $5.68 and MGE May is 2 cents higher at $6.31 3/4.



Cattle futures are trading higher at midday. Strength in beef prices and the stock market are supporting futures trade. Choice beef prices were up $2.35 and Select cuts were up $2.53 on Tuesday. Ideas that yesterday's losses were overdone have also encouraged some buying. June is 48 cents higher at $84.28 and August is 38 cents higher at $84.80.



Lean hog futures are mostly higher at midsession. Steady to higher cash hog markets and firming pork cutouts values are supporting the futures market. The April contract expires at noon and the soon to be nearby May contract and gains in deferreds are being limited by the large premium of futures to the lean hog index. May is 8 cents lower at $71.10 and June is 20 cents higher at $72.80.