Corn futures are trading solidly higher again this morning. Spillover strength in wheat and strong export demand are supportive factors. USDA reported overnight export business with Taiwan and South Korea. Rain and cold temperatures are expected to cause further delays in harvest activity this week. December is 7 1/2 cents higher at $3.31 and March is 7 3/4 cents higher at $3.43 1/2.



Soybean futures are higher at midsession. The market continues to move higher on spillover strength from corn and wheat and strength in the cash market. Farmer selling remains light despite harvest activity moving past the three-quarter mark last week. Rain will slow the last leg of harvest. November is 7 1/2 cents higher at $6.31 and January is 7 3/4 cents higher at $6.44 3/4.



Wheat futures are higher again today. The rally was kick started by the Australian Wheat Board lowering their production estimate to 9-11 million tonnes. This news reinforced ideas of tightening global stocks of wheat. Speculative buying has helped extend gains. CBOT Dec is 12 1/2 cents higher at $5.35, KCBT Dec is 6 3/4 cents higher at $5.52, and MGE Dec is 5 3/4 cents higher at $5.29.



Cattle futures are mostly higher at midday. After a lower open, short-covering has helped pull prices higher. Firm boxed beef prices and improved packer margins have prompted ideas of steady to firm cash trade this week. October is 3 cents higher at $89.25 and December is 15 cents higher at $88.50.



Lean hog futures are higher at midsesion. The market is being supported by short-covering and talk of some firm cash bids the second half of the week. Futures are already at a discount to cash. IA/MN slaughter weights last week were over 1 pound less than a year-ago, indicating that producers are staying current. December is 105 points higher at $60.90 and February is 53 cents higher at $63.63.