Corn futures are trading higher at midsession. The strength is being attributed to spillover from soybeans and fund buying. Dry weather concerns in Argentina are also supportive. March is 2 1/4 cents higher at $2.18 and May is 2 cents higher at $2.27.



Soybean futures are strongly higher at midday. Technical buying supported futures with much talk about index funds pumping money into the commodity markets. Dry weather is weighing on crop conditions in parts of Argentina. January is 15 cents higher at $6.17 and March is 14 1/2 cents higher at $6.28.



Wheat futures are trading higher at midday. Technical strength and spillover from soybeans are supporting prices. Dry conditions remains in the southern Plains and forecasts look generally dry. CBOT Mar is 4 3/4 cents higher at $3.44, KCBT Mar is 2 cents higher at $3.89 and MGE Mar is 1 3/4 cents higher at $3.93 3/4.



Cattle futures are slightly lower at midsession. General commodity strength helped push prices higher initially with April posting new highs, but profit-taking then pushed prices lower. Cash trade is not expected until later in the week. February is 18 cents lower at $96.20 and April is 23 cents lower at $94.83.



Lean hog futures are lower at midday. Fund selling is weighing heavily on the front-end contracts as sell-stops have been triggered. Cash markets are trading mixed this morning. February is 98 cents lower at $64.30 and April is 98 cents lower at $67.50.