Corn futures are trading higher at midsession. Strength in crude oil and the stock market is helping push corn prices higher. The two main factors remain to be weather and crop progress, with both moderately well at this point in the growing season and providing little pressure or support. Crop progress could pick up a bit ahead of pollination and to avoid possible damage from an early frost. September is 3/4 of a cent higher at $3.39 1/4 and December is 1 1/4 cent higher at $3.46 3/4.

Soybean futures are trading lower at midsession. NOPA monthly crush data released yesterday showed a stronger pace than USDA forecast, which means old-crop soybeans could be even tighter than the 110 million bushels currently forecast by USDA. Export demand continues to be good, with reports of additional sales to China. August is 11 1/2 cents higher at $10.46 and November is 7 3/4 cents higher at $9.25 3/4.

Wheat futures are trading higher at midday. Spillover support from outside markets is pulling wheat higher. India's ban on exports as an attempt to protect against tightening supplies and a possible bull run on the domestic market is contributing to gains. Australia's early marketing of its new-crop wheat is lending pressure. CBOT September is 10 3/4 cents higher at $5.40 3/4, KCBT September is 11 cents higher at $5.69 and MGE September is 7 1/2 cents higher at $6.21.

Cattle futures are trading mostly higher at midday. Outside markets are supporting futures, as well as a favorable outlook for Cash market prices in the weeks ahead. Early estimates show June placements are below last year, and July 1 cattle on feed are forecast at a 10-year low. Boxed beef prices were mixed, with the choice up 58 cents at $138.14 and select down 8 cents at $131.36. August is 30 cents higher at $85.35 and October is 13 cents higher at $90.25.

Lean hog futures are trading mixed at midsession, losses in the July ahead of expiration are adding pressure. Support is coming from gains in the pork cutout, which has risen considerably after falling to a six-year low last week. Tuesday it was up 70 cents at $60.05. The rise in cutout value combined with the lower hog prices are improving packer margins, but they still appear to be planning on the smaller slaughter this week. August is 15 cents lower at $63.45 and October is 30 cents lower at $58.65.