Corn futures are trading lower at midday. The market is consolidating the recent rally that was led by the funds and speculative buying. Corn export sales of 39.7 million bushels were above trade expectations but weren't strong enough to support prices. May is 3 cents lower at $2.22 1/2.



Soybean futures are lower at midsession. The market was overdue for a correction after the recent climb to seven-month highs. The market is lower despite better than expected weekly export sales that were above expectations at 23 million bushels. May is 12 cents lower at $6.61 1/2.



Wheat futures are trading mixed at midday. After a lower open some strength came from better than expected weekly export sales at 20.2 million bushels. Also, Japan's purchased some U.S. milling wheat overnight. CBOT May is 1 1/2 cents lower at $3.59 1/2, KCBT May is 2 cents higher at $3.65 1/2 and MGE May is 1 1/2 cents lower at $3.67.



Cattle futures are lower at midday. Ideas that beef prices may turn lower next week pressured prices along with uncertainty about cash trade this week. April is 85 cents lower at $88.83.



Lean hog futures are mixed at midsession. Profit-taking after the recent runup is weighing on the front end, but ideas of increased pork demand after Easter has helped some deferred contracts pull higher. April is 23 cents lower at $78.40.