Corn futures are higher at midsession on a mild technical bounce following yesterday's declines. Weather forecasts are mixed for planting progress. Planting progress is benefiting from drier conditions in the northwest Corn Belt, but cool wet weather in the eastern Corn Belt is slowing progress. July is 1 1/2 cents higher at $2.14 1/2.



Soybean futures have turned higher as of midday. The market is finding support from speculative buying and optimism for more soybean export sales to China if the country revalues its currency as is rumored. July is 4 3/4 cents higher at $6.30.



Wheat futures are trading higher at midsession. Spillover buying from the rally in soybeans and some weather uncertainty has helped futures rally. Gains are being extended by triggered buy-stops. CBOT Jul is 8 1/2 cents higher at $3.25 3/4, KCBT Jul is 6 cents higher at $3.37 and MGE Jul is 4 1/2 cents higher at $3.48 1/2.



Cattle futures are trading mostly higher at midday. The market remains range bound, but higher boxed beef prices and the June contracts discount to the cash market are offering light support. Traders are waiting for cash trade to develop in the southern Plains. June is 5 cents higher at $85.65.



Lean hog futures are strongly higher at midsession. Higher cash hog prices and ideas of tightening supplies of market ready hogs are supportive factors. Packers have raised bids this week despite poor margins. June is 75 cents higher at $77.45.