Corn futures are trading higher at midday. The market is being supported by forecasts for a snow storm in the Corn Belt that will further delay the last 5% of harvest. Weakness in the dollar and strength in crude oil futures are also supportive factors. March is 2 3/4 cents higher at $4.01 1/2 and May is 2 1/2 cents higher at $4.11 3/4.



Soybean futures are higher at midsession. The market is rebounding from the losses on Tuesday that had pushed prices to the lowest level since mid-November. The Census crush number released this morning was supportive as November soybean crush was pegged at a record 168.6 million bushels. Weakness in the dollar and strength in crude oil are also offering support. January is 6 1/2 cents higher at $9.97 1/2 and March is 6 1/2 cents higher at $10.05.



Wheat futures are trading mostly higher at midday. Weakness in the dollar and spillover strength from corn and soybeans are supporting the wheat market. However, gains are being limited by sluggish export demand and light pre-holiday trade volume. CBOT March is 1 3/4 cents higher at $5.24 3/4, KCBT March is 1 1/2 cents higher at $5.18 3/4 while MGE March is 1/2 of a cent lower at $5.30 3/4.



Cattle futures are trading higher at midsession. Strength in the cash market and a small bounce in boxed beef prices yesterday are supporting futures. Packers raised bids on Tuesday ahead of the approaching winter storm for the Plains and Midwest. Cash prices were generally $1 higher in the southern Plains and $3 higher on a dressed basis in Nebraska compared to last week. December is 78 cents higher at $82.73 and February is 55 cents higher at $85.23.



Lean hog futures are higher at midday. The market has rallied in thin trade on support from the Cold Storage report on Tuesday that showed total pork stocks at 487.2 million pounds, down 5.6% from October and 7.5% below year-ago. However, further gains are being limited by concern that pork prices peaked last week at a 14-month high. Pork cutout values are expected to fall on slowed demand seasonally. February is 68 cents higher at $65.43 and April is 73 cents higher at $69.80.