Corn futures are trading higher at midday. Concerns about planting delays are pushing prices higher, particularly in the southern and eastern Corn Belt where there are forecasts for additional rain. Strength in crude oil and the sharply lower value of the dollar are also friendly for prices. July is 6 1/4 cents higher at $4.18 1/4 and December is also 6 1/4 cents higher at $4.37 1/4.

Soybean futures are trading higher at midsession. Firm outside markets are providing support, as well as shrinking U.S. soybean supplies. Rumors that China might be cancelling some of their orders have pressured prices, but without confirmation this is becoming less of a concern. Next week's Supply/Demand report is expected to show further tightening of U.S. stocks. July futures are 6 1/4 cents higher at $11.08 1/4 and November is 6 cents higher at $9.78.

Wheat futures are trading higher at midday. Damage to the Oklahoma wheat has hurt yields, dropping them to an estimated average of 20.3 bushels per acre. Also boosting prices are estimates by the Wheat Quality Council that the new Kansas wheat crop will be lower than expected. Weakness in the dollar is limiting gains. CBOT July is 15 1/4 cents higher at $5.85 1/2, KCBT July is 15 1/4 cents higher at $6.29 and MGE July is 10 1/2 cents higher at $6.97.

Cattle futures are trading higher at midsession. Steady beef sales are supporting futures on hopes that increased demand will push prices higher in the coming weeks, particularly with the Memorial Day holiday approaching. Cash trade this week of $84 live is down $2 from last week. June is 85 cents higher at $82.88 and August is 90 cents higher at $83.43.

Lean hog futures are higher at midday. Pork prices jumped $1.64 on Thursday to $58.58 per cwt. as demand picks back up following the H1N1 scare that led to flu-related pork bans. The bans are expected to be lifted soon, with Russia stating that it will resume U.S. pork imports on June 1. June is $1.43 higher at $68.20 and July is $1.20 higher at $70.65.