Corn futures are trading higher at midsession. Spillover support from soybeans and wheat and planting delay concerns are supporting prices. Wet weather and forecasts calling for more rain in the southern and eastern Corn Belt will keep planting progress slow. Strength in crude oil and weakness in the dollar are also supportive factors. July is 3 cents higher at $4.06 1/2 and December is 3 cents higher at $4.26 1/4.



Soybean futures are posting strong gains at midday. Concern about wet weather planting delays in the Midwest and speculative fund buying are supporting the market. Old-crop fundamentals remain bullish amid tight old-crop stocks and strong export demand. New-crop contracts are being pulled higher as well on concern that delayed soybean planting may hurt yield potential despite some ideas that there could be some corn acreage switched to soybeans. July is 15 1/4 cents higher at $10.70 1/4 and November is 17 1/4 cents higher at $9.60 3/4.



Wheat futures are strongly higher at midsession. Short-covering has helped push prices higher today and gains were extended by buy-stops after futures moved above some key moving averages. Recent weakness in the dollar should help export demand, which has been sluggish recently. Rain in the Midwest and forecasts for a wet weather pattern are beginning to raise concern about disease pressure in the SRW wheat belt. CBOT Jul is 19 cents higher at $5.55 1/2, KCBT Jul is 19 1/2 cents higher at $6.04 1/4 and MGE Jul is 11 3/4 cents higher at $6.70.



Cattle futures are slightly higher at midday. The large discount of the June contract to the cash market and the rally in lean hog futures are supporting the market. However, gains are being limited by weakness in boxed beef prices and ideas of limited cash trade this week at steady to lower prices compared to the $88 last week. June is 5 cents higher at $82.55 and August is 25 cents higher at $82.90.



Lean hog futures are up strongly at midsession. Short-covering from the early week losses are supporting the market. Traders were taking profits on ideas that the H1N1 virus problems will not be long-term. Pork cutouts have fallen $2.65 this week, but were down only 14 cents on Thursday. June is $1.53 higher at $66.05 and July is $1.40 higher at $68.70.