Corn futures are trading higher at midday. Short-covering is supporting the market after hitting one-month lows yesterday. Supportive weekly export sales and some consolidation ahead of USDA's Supply/Demand report due out on Friday are also supportive factors. March is 5 3/4 cents higher at $3.98 and December is 2 1/2 cents higher at $3.93 1/2.

Soybean futures are higher at midsession. The market is being supported by strong weekly export sales last week. Year-to-date commitments are running 30 percent ahead of last year. After hitting new highs earlier this week, gains are being limited by big old-crop stocks and generally favorable crop conditions in South America. March is 4 1/2 cents higher at $7.45 1/2 and November is 4 1/2 cents higher at $7.96.

Wheat futures are trading higher at midday. A big number from USDA's weekly export sales report has led to a round of short-covering. Export sales were above pre-report expectations and were 56 percent above the previous 4-week average. CBOT Mar is 5 cents higher at $4.57, KCBT Mar is 5 cents higher at $4.81 1/2, and MGE Mar is up 3 3/4 cents at $4.90.

Cattle futures are lower at midsession. Profit-taking following the recent run to contract highs is pressuring futures despite improved cash fundamentals. Light cash trade has developed in Nebraska at firm prices compared to last week. Beef prices are rising and forecasts call for more cold weather that will hamper feedlot performance. April is 33 cents lower at $95.40 and June is 43 cents lower at $91.90.

Lean hog futures are trading lower at midday. The market is being pressured by profit-taking following recent gains and ideas that cash markets will be lower once backed up marketings are shipped when temperatures moderate. April is 68 cents lower at $66.13 and June is down 93 cents at $75.85.