Corn futures are trading higher at midsession. Stronger crude oil prices and weakness in the value of the dollar are lending support. Frost in the Midwest is not currently a threat to the corn crop, which is keeping the market in check. If the weather continues to be favorable we could see a bumper crop this year. December is 3 1/2 cents higher at $3.37 1/2 and March is 2 3/4 cents higher at $3.49 1/2.

Soybean futures are trading lower at midsession. The current lack of a frost threat and the looming of a potential record-large U.S. crop are weighing prices. Adding to pressure are estimates for very large plantings in South America. Favorable outside markets are limiting losses. November is 1 1/4 cents lower at $9.24 3/4 and January is 2 cents lower at $9.29.

Wheat futures are trading higher at midday. Friday's sharp losses have sparked some buying. However, upside potential is limited by concern that variable storage rates could be applied to futures contracts. Also weighing on the market is the outlook for another large world wheat crop. CBOT December is 8 3/4 cents higher at $4.58 1/2, KCBT December is 7 3/4 cents higher at $4.77 and MGE December is 4 3/4 cents higher at $4.91 1/2.

Cattle futures are trading mostly higher at midday. Spillover support from the hog market has helped push prices higher. Beef cutouts fell hard on Friday, with the choice dropping $1.79 to $138.55 and select down $1.08 to $132.50. Seasonally supplies should be tightening and prices should get a boost, but this has not kicked in yet. October is 20 cents higher at $86.25 and December is 40 cents higher at $85.75.

Lean hog futures are trading higher at midsession. Friday's quarterly hogs and pigs report was not as bad as some were expecting, which has helped push prices higher, particularly given the low price level. Market hog inventory was down 2.2% from a year ago and breeding hogs were down 3%. October is 40 cents higher at $50.35 and December is 83 cents higher at $49.85.

Cotton futures are trading higher at midday. Reports of boll rot in the Delta after rain continued to drench the region throughout the weekend have pushed prices higher. Sharply lower prices after Friday's selloff has triggered some buying as well. December is 86 points higher at 62.80 cents, and March is 90 points higher at 64.84 cents.