Corn futures are strongly lower at midday. Strength in the dollar and weakness in crude oil and equities are weighing on commodity markets. Forecasts for warmer weather in the Corn Belt this week is being viewed as mostly beneficial for corn crop conditions. July is 13 3/4 cents lower at $3.85 1/2 and December is 14 1/4 cents lower at $4.05 1/4.



Soybean futures are posting big losses at midsession. Weakness in the stock market and crude oil along with strength in the dollar are weighing on commodities. Ideas of increased soybean acreage and forecasts for warmer and drier weather in the Midwest are also bearish factors. Warmer and drier weather should help crop conditions and late planting progress. July is 23 3/4 cents lower at $11.55 1/4 and November is 26 1/4 cents lower at $9.79 3/4.



Wheat futures are lower at midday. Outside market pressure and advancing harvest progress are weighing on the wheat market. Warmer and drier weather is expected in the Plains, which should help harvest activity expand in Kansas this week following some weekend rainfall. Yields are said to be improving as harvest moves north. CBOT July is 9 1/4 cents lower at $5.46, KCBT July is 9 3/4 cents lower at $6.05 and MGE July is 8 1/4 cents lower at $6.90 3/4.



Cattle futures are trading mixed at midsession. The smaller than expected number of cattle on feed as of June 1 and the smallest May placements number since 1996 are supporting some contracts. But gains are being limited and most deferred contracts are being pushed lower by weakness in the stock market and strength in the dollar. June is 48 cents higher at $81.40 and August is 38 cents higher at $82.50.



Lean hog futures are strongly lower at midday. Weakness in the stock market and strength in the dollar are pressuring most commodity markets. The sharp gains in lean hogs on Friday were viewed as overdone. USDA will release a new Cold Storage report this afternoon and it is expected to show increased stocks amid slow demand following the H1N1 virus outbreak. July is $1.03 lower at $60.40 and August is $1.15 lower at $60.65.