Corn futures are trading higher this morning. Spillover support from soybeans and technical buying following yesterday's losses are supportive. Weekly export sales of 30.9 million bushels were within trade expectations and 5% above the 4-week average. March is 1 3/4 cents higher at $1.98 3/4.



Soybean futures are moderately higher at midday. Yesterday's close at the highs for the day and some continued concerns about dry conditions in southern Brazil are supportive. Forecasts for rain call for only light and scattered showers. Export sales were within expectations at 13.9 million bushels, but that was a marketing year low. March is 4 1/2 cents higher at $5.39 1/2.



Wheat futures are higher at midsession. Gains are being attributed to stronger than expected weekly export sales and a recovery from recent losses. Weekly export sales of 20.1 million bushels were above expectations and 11% above the 4-week average. CBOT Mar is 1 3/4 cents higher at $2.94 1/4, KCBT Mar is 2 cents higher at $3.27 1/4 and MGE Mar is 3/4 of a cent higher at $3.31 1/2.



Cattle futures are trading slightly higher this at midday. The market is looking for steady cash trade this week. Market action will likely remain limited ahead of Friday afternoon's Cattle on Feed report. April is 18 cents higher at $87.85.



Lean hog futures are narrowly mixed at midsession. Spillover buying and firm cash markets are being countered by profit-taking and futures premium to cash. April is steady at $73.90.