Corn futures are trading higher at midday. Spillover strength from wheat helped turn corn prices higher after a lower open. The market is rallying despite what is expected to be a big harvest weekend with generally open weather forecast for the Corn Belt into next week. December is 1 cent higher at $2.72 3/4 and March is 1/2 of a cent higher at $2.83 3/4.



Soybean futures are higher at midsession, but have traded both sides this morning. Light technical selling following yesterday's rally and good harvest activity initially weighed on futures. However, spillover from wheat and bullish technical momentum has helped pull prices higher. November is 2 1/4 cents higher at $5.67 3/4 and January is 1 3/4 cents higher at $5.81 3/4.



Wheat futures are trading higher at midday. The market remains volatile, but commodity fund buying continues to be a supportive factor. Fundamental support is coming from reports that rain is needed in all parts of Australia to prevent further crop loss. CBOT Dec is 7 1/2 cents higher at $4.71 1/2, KCBT Dec is 4 1/2 cents higher at $5.09, and MGE Dec is 2 1/2 cents higher at $4.88.



Cattle futures are lower at midsession. After ideas of firm cash trade supported prices yesterday, traders are now looking for steady or even lower cash bids. Packer margins remain well in the red and there is concern that slaughter will be slowed rather than raising bids. October is 53 cents lower at $90.83 and December is 48 cents lower at $89.63.



Lean hog futures are trading strongly lower at midday. Despite the strong $1.87 jump in pork cutouts on Thursday, futures are being pressured by ideas of lower cash trade next week. Packer margins remain negative and there is talk of packers slowing slaughter. October is 50 cents lower at $64.85 and December is $1 lower at $60.35.