Corn futures are trading higher at midsession. Technical buying and spillover strength from soybeans are supporting the market. Firm crude oil trade is also a bullish factor. The market is rallying despite the recent sluggish pace to exports and strength in the dollar. March is 9 3/4 cents higher at $4.21 and July is 9 1/2 cents higher at $4.41.



Soybean futures are strongly higher at midday. Dry weather in several key soybean growing regions in South America is supporting the market. Technical fund buying is extending gains after hitting three-month highs. An export sale of 232,000 tonnes of U.S. soybeans has been reported to China. March is 21 1/2 cents higher at $10.08 1/2 and July is 14 1/4 cents higher at $10.23 1/2.



Wheat futures are higher at midsession. Fund buying has been triggered by technical strength after the CBOT rallied to three-month highs. Spillover strength from soybeans and crude oil are also providing the wheat market support. CBOT March is 16 1/4 cents higher at $6.33, KCBT March is 10 3/4 cents higher at $6.53 and MGE March is 13 3/4 cents higher at $6.71.



Cattle futures are strongly higher at midday. Fund buying is supporting the market amid technical strength and fundamental support is coming from higher beef prices. Choice beef cutouts were up $1.78 on Monday. Cash cattle traded firm last week at $86-$87 and firm trade is expected again this week. February is $1.45 higher at $89.00 and April is $1.65 higher at $92.05.



Lean hog futures are higher at midsession. Fund buying and short-covering are supporting the market. Steady to higher cash bids and the 80 cent jump in pork cutouts yesterday are providing fundamental support. Ideas of improved exports to Mexico and Russia are also bullish factors. Futures' premium to cash is limiting further gains. February is 68 cents higher at $63.35 and April is 55 cents higher at $70.85.