Corn futures are trading higher at midday. Strength in wheat and soybeans has helped pull corn higher. Strong demand for corn used for ethanol, exports, and feed remains a supportive factor. Buying interest is being limited by the quickly approaching harvest. December is 2 3/4 cents higher at $2.48 1/2.



Soybean futures are higher at midsession. Oversold conditions and strength in wheat has helped the market rally despite continued bearish fundamentals. Weather conditions for the crop remain favorable for the developing crop and traders are expecting USDA to raise their production estimate next week. November is 8 3/4 cents higher at $5.60 1/4.



Wheat futures are trading higher at midday. News that Egypt bought U.S. wheat over the weekend and that India is halting import duties for private firms are bullish factors. Recent rainfall in the Plains has helped the outlook for hard red winter wheat, but more precipitation is needed. CBOT Dec is 7 1/2 cents higher at $4.27, KCBT Dec is 3 1/2 cents higher at $4.88 1/2, and MGE Dec is 4 cents higher at $4.74 1/2.



Cattle futures are higher at midsession, with the December contract posting a new high again. Strength in the cash market and bullish momentum continue to support futures. Cash trade was mostly in the $91-$92 range last week and firm trade is expected again this week despite poor packer margins. October is 40 cents higher at $93.75 and December is 5 cents higher at $93.20.



Lean hog futures are strongly higher at midday. New contract highs were set this morning on ideas of firm cash trade this week. Packer demand is expected to be strong as plants make up for Labor Day slowdowns. Margins are improved thanks to the $1.84 jump in cutouts on Friday. October is $1.43 higher at $67.98 and December is 90 cents higher at $65.25.