Corn futures are trading higher at midday. Forecasts for a return to warmer weather in the Corn Belt next week along with mostly dry conditions are supporting the market. Gains are being limited by a private production estimate that was above trade expectations. September is 3/4 of a cent higher at $2.45 3/4 and December is up 3/4 cent at $2.62 3/4.



Soybean futures are higher at midsession. Weather premium is being added back into the market as forecasts call for a return to a warmer and mostly dry weather pattern over the Midwest next week. As with corn, a private production estimate above market expectations is limiting gains. September is 1 cent higher at $5.77 and November is 1 1/4 cents higher at $5.96 3/4.



Wheat futures are trading higher at midday. The market is being supported by spillover strength in corn and soybeans and a private spring wheat production estimate that was smaller than anticipated. A return to warm and dry weather in the Plains is also starting to cause concern about winter wheat seeding this fall. CBOT Sep is 2 1/4 cents higher at $3.97 1/2, KCBT Sep is 3 cents higher at $4.87 1/2, and MGE Sep is 6 cents higher at $4.82.



Cattle futures are strongly higher at midsession. Cash trade on Thursday at $1-$2 higher than the previous week and firm boxed beef values are supporting the market. The start of beef exports to Japan also helped fuel some fund buying. August is $1.38 higher at $84.25 and October is $1.25 higher at $89.20.



Lean hog futures are trading higher at midday. Short-covering following yesterday's weakness and spillover from cattle are supporting the market. Cash prices are mostly steady this morning, but could turn lower next week following yesterday's $1.12 drop in cutouts and ideas of increased marketings. August is 55 cents higher at $69.55 and October is 85 cents higher at $61.65.