Corn futures are higher at midday. The market continues to build off the reversal higher on Friday. Cool and wet weather across the Midwest will slow harvest activity and the maturation of the crop. Cash markets are firming due to strong demand and light farmer selling. December is 5 cents higher at $2.46 3/4 and March is 5 cents higher at $2.60 1/2.



Soybean futures are trading higher at midsession. Cool and wet weather that is slowing early harvest progress and the possibility of some frost in the northwest areas of the Midwest are supporting the market. November is 3 3/4 cents higher at $5.53 1/2 and January is 4 cents higher at $5.66 1/2.



Wheat futures are higher at midsession. The market is being supported by spillover strength from corn and ideas that the market is oversold. Export demand for U.S. wheat has been sluggish, but there is optimism that lower prices will spur interest. A delegation from Iraq is scheduled to visit the U.S. soon to discuss wheat trade. CBOT Dec is 4 cents higher at $3.96 1/2, KCBT Dec is 3 1/4 cents higher at $4.65 3/4, and MGE Dec is 3 1/4 cents higher at $4.45 1/2.



Cattle futures are trading higher at midday. The market started mixed in light volume, but turned higher on support from the late recovery on Friday and the heavy slaughter by packers that could help cash prices stabilize this week. October is 68 cents higher at $90.80 and December is 75 cents higher at $91.10.



Lean hog futures are lower at midsession. Weakness in pork prices due to the heavy slaughter has helped trim packer margins. Cash markets are mixed this morning, but rising hog weights and ample supplies are expected to push most bids lower. October is 85 cents lower at $65.15 and December is 75 cents lower at $62.70.