Corn futures are trading higher at midday. Gains are being attributed to spillover support from soybeans and light technical buying following the losses the past two sessions. China selling corn at a lowered price is an underlying bearish factor. March is 2 3/4 cents higher at $2.07 1/2 and May is 2 1/2 higher at $2.16 1/2.



Soybean futures are higher at midsession. Short-covering is supporting the market as forecasts have removed some rain prospects for dry parts of South America this weekend. Technical buying at support levels and talk that China is in the market for U.S. soybeans are also supportive factors. January is 7 3/4 cents higher at $5.95 and March is 7 cents higher at $6.05.



Wheat futures are higher at midday. Spillover support from corn and soybeans and technical buying at the CBOT following yesterday's losses are supporting the market. There is talk the Iraq is looking to buy more wheat. The KCBT is finding fundamental support on concern about the crop in the southern Plains. CBOT Mar is 2 3/4 cents higher at $3.21 1/2, KCBT Mar is 1 1/2 cents higher at $3.68 and MGE Mar is 1 cent higher at $3.74 1/2.



Cattle futures are trading higher at midsesion. A small recovery from yesterday's losses is being attributed to cash strength this week and firm boxed beef prices. However, gains are being limited by ideas that the cash market may be topping. February is 18 cents higher at $96.38 and April is 15 cents higher at $94.20.



Lean hog futures are trading lower at midday. Technical weakness and fund selling is weighing on the market. Cash markets have moved lower this week and cutouts prices have weakened. The Hogs and Pigs report due out Dec. 28 is expected to show increased hog numbers. February is 10 cents lower at $64.28 and April is 35 cents lower at $66.75.