Corn futures are higher at midsession. The market was pressured early by profit-taking setback following the sharp gains last week. However, futures turned higher on ideas that harvest will be slowed this by rain moving into the Corn Belt. December is 1 1/2 cents higher at $3.16 and March is 1 1/2 cents higher at $3.25 1/2.



Soybean futures are trading mixed this morning and are slightly lower at midday. Profit-taking following recent gains has weighed lightly on the market. However, losses are being limited by ideas of harvest delays in the south and eastern Midwest this week along with the NOPA September crush number of 137.3 million bushels that was above trade expectations of 133.5 million. November is 1/4 cent lower at $5.91 1/4 and January is 1 cent lower at $6.04 1/2.



Wheat futures are mixed at midsession. Futures opened higher on continued speculative buying, but turned mixed as profit-taking is pressureing some contracts. Tightening global stock estimates and fund buying are expected to remain supportive factors although some consolidation is likely in the near-term. CBOT Dec is 1/2 cent lower at $5.25, KCBT Dec is 2 cents lower at $5.41, and MGE Dec is 3/4 cent higher at $5.22 1/2.



Cattle futures are trading mixed this morning. Futures were initially supported by short-covering following last week's losses. The front end is being held back by concern that packers will slow slaughter in the near-term, but deferreds are mostly higher on expectations of tighter cattle supplies ahead. December is 13 cents lower at $87.80 and February is unchanged at $90.30.



Lean hog futures are higher at midsession. Steady to firm cash bids has led to a short-covering rally in futures. Packer demand is said to be strong as slaughter is expected to be near record large this week. Cutouts values have held up relatively well considering the large supplies of pork. December is 30 cents higher at $61.35 and February is 20 cents higher at $63.48.