Corn futures are trading higher at midday. Support is coming from technical buying and concern about warm and dry extended weather forecasts. The market is expected to remain in its trading range ahead of the Crop Production report next week, but traders will continue to watch weather forecasts for near-term direction. September is 4 1/2 cents higher at $2.45 and December is 4 1/4 cents higher at $2.62.



Soybean futures are higher at midsession. While a weather system is bringing some rain and moderating temperatures to the Midwest, extended forecasts call for a return to warmer and drier weather. A technical bounce and buying interest from the funds are also supportive factors. September is 5 3/4 cents higher at $5.85 and November is 5 1/4 cents higher at $5.99.



Wheat futures are trading mixed at midday. The CBOT is higher on talk of fresh export demand. Iraq and India are expected to tender for more wheat soon. The MGE is lower on seasonal harvest pressure. The KCBT is being pressured by technical weakness despite supportive fundamentals. CBOT Sep is 2 3/4 cents higher at $3.95 1/4, KCBT Sep is 3 3/4 cents lower at $4.78 1/4, and MGE Sep is 1 1/2 cents lower at $4.67.



Cattle futures are trading lower at midday. The August contract is leading the decline due to futures premium to cash market expectations this week. Cash trade is expected to be firm with last week's $79-$79.50 trade. However, mixed beef prices on Tuesday and hot weather that is slowing demand for beef is a concern. August is 40 cents lower at $83.35 and October is 25 cents lower at $88.05.



Lean hog futures are mixed at midsession. Front end contracts are higher on support from firm cash markets and the $1.45 jump in pork cutout values yesterday. Hog marketings remain slow today, but cooler Midwest temperatures are expected to bring some backed up hogs to market later this week. August is 40 cents higher at $69.00 and October is 38 cents higher at $61.65.