Corn futures are slightly higher at midday. Spillover support from soybeans is pushing corn prices up, but outside markets are weighing on corn. Wet weather in the Midwest is hindering field work. Concerns about a wet spring and tight corn supplies could become a factor if wet conditions persist. May is 1 cent higher at $3.96 1/2 and December is 3/4 of a cent higher at $4.28.

Soybean futures are trading higher at midsession. The Argentine farmer strike is continuing to support U.S. markets, as traders look for sales to shift to the U.S. as they did last year. Wet weather in Brazil is slowing harvest. Gains are being limited by the strengthening dollar and lower stock market. May futures are 13 1/2 cents higher at $9.69 and November is 5 cents higher at $9.00 1/2.

Wheat futures are trading lower at midday. Favorable rains in the U.S. HRW wheat belt are dragging futures lower. The stronger dollar is pressuring prices, with exports being a major factor for the stock-laden wheat market. Talk that Saudi Arabia is looking to buy 500,000 tonnes of wheat is providing underlying support. CBOT May is 5 1/4 cents lower at $5.44, KCBT May is 9 1/4 cents lower at $5.94 3/4 and MGE May is 6 3/4 cents lower at $6.32 1/2.

Cattle futures are trading lower at midsession. The market opened slightly higher, but profit-taking set in and pulled prices lower. Weakness in outside markets is adding pressure. Packers are currently losing money, which is keeping the cash market subdued. Gains in beef prices are limiting losses. April is 75 cents lower at $85.20 and June is 50 cents lower at $82.90.

Lean hog futures are higher at midday. Prices are recovering from Monday's sharp selloff. The pork cutout has gained $3.48 since Friday, which is favorable for the recovery in the hog market. Hog slaughter this week is expected to be down slightly from last week. Seasonally, hog supplies should be easing, while demand picks up heading into the Easter holiday. April is 50 cents higher at $61.15 and June is 18 cents higher at $72.80.