Corn futures are trading higher at midsession. Outside markets are providing support as crude oil and the stock market are trading higher while the dollar index is lower. Strong export demand and spillover from soybeans are also bullish factors. Weather conditions remain mild, although the slow crop maturity remains a concern. September is 5 1/2 cents higher at $3.37 3/4 and December is 4 3/4 cents higher at $3.47.



Soybean futures are higher at midday. Tight old-crop supplies and continued strong demand from China are supportive factors. Strength in the stock market and weakness in the dollar are also bullish factors. Weather conditions are generally favorable, although below normal temperatures will slow development of the crop already behind in maturity. September is 9 1/4 cents higher at $10.38 1/4 and November is 5 cents higher at $9.76.



Wheat futures are trading higher at midday. Spillover support from corn and soybeans and weakness in the dollar are providing support. The MGE has been pulled higher as well despite reports from the Wheat Quality Council's spring wheat tour that show well above normal yield potential. CBOT Sep is 5 1/4 cents higher at $5.21 3/4, KCBT Sep is 3 3/4 cents higher at $5.53 1/4 and MGE Sep is 2 1/2 cents higher at $6.02.



Cattle futures are trading slightly lower at midsession. Recent weakness in wholesale beef prices and the lack of cash trade so far this week are pressuring futures. But losses are being limited by strength in lean hog futures, gains the stock market and ideas of tightening cattle supplies by late summer. August is 23 cents lower at $84.35 and October is 15 cents lower at $89.70.



Lean hog futures are strongly higher at midday. The discount of futures to cash and short-covering are supporting the market. End of month fund buying has also helped the market recover from technically oversold levels. Pork prices have fallen this week, but the reduced slaughter schedules could reduce pork supplies and help pork prices rebound again next week. August is $1.88 higher at $56.50 and October is $1.20 higher at $53.80.