Corn futures are higher at midday. Gains in the wheat and soybean pits have helped pull corn higher. Firm cash markets and forecasts for rain in the Midwest that will slow harvest progress are supportive factors. December is 3 cents higher at $2.40 1/4 and March is 3 cents higher at $2.54 1/4.

Soybean futures are higher at midday. Commercial selling weighed on the market some this morning before futures bounced. Talk of cool, wet weekend weather is supportive and has helped encourage short-covering, although little frost damage is expected. November is 6 3/4 cents higher at $5.52 and January is 7 1/4 cents higher at $5.66.

Wheat futures are trading firm at midday. The market is making a small short-covering bounce following recent weakness. Gains are being limited by sluggish demand for U.S. wheat and forecasts for more beneficial rain in the Plains this weekend. CBOT Dec is 5 1/2 cents higher at $3.96, KCBT Dec is 4 1/4 cents higher at $4.63 1/4, and MGE Dec is 3 1/2 cents higher at $4.43 3/4.

Cattle futures are trading higher at midsession. Futures are higher this morning on short-covering following recent losses. However, cash fundamentals remain bearish. Boxed beef prices continue to move lower and cash trade so far this week is down about $3 from last week. October is 30 cents higher at $89.55 and December is 35 cents higher at $90.20.

Lean hog futures are higher at midday. Short-covering ahead of the weekend and following recent losses are supportive to the market. Large slaughter numbers and big supplies of pork are weighing on cutout values. However, there is some talk that cash prices could rebound next week as packers will need supplies to fill slaughter schedules. October is 90 cents higher at $65.65 and December is 45 cents higher at $63.50.