Corn futures are trading near steady at midday. The market opened higher on technical buying following yesterday's losses, but futures appear to be consolidating at current levels. However, the market sentiment remains bullish given the strong demand for corn. December is unchanged at $3.15 1/2 and March is 1 cent higher at $3.26 1/4.



Soybean futures are higher at midsession. Technical buying and good demand remain supportive factors. Weekly export sales were strong again last week at 31.9 million bushels, nearly double the pace needed to reach USDA's export projection. Harvest delays in parts of the Midwest are also providing some support. November is 3 cents higher at $6.07 1/2 and January is 3 3/4 cents higher at $6.21 3/4.



Wheat futures are trading higher this morning. The market is rebounding from yesterday's profit-taking weakness. Fundamental support continues to come from tight world wheat stocks. Weekly export sales remain relatively sluggish although they were at the high end of trade expectations this morning at 16.4 million bushels. CBOT Dec is 2 cents higher at $5.14 1/2, KCBT Dec is 4 1/2 cents higher at $5.29, and MGE Dec is 4 cents higher at $5.09.



Cattle futures are trading slightly lower at midday. Commercial and fund selling are weighing on futures as traders wait for the cash market to develop. Firm beef prices and ideas of good packer demand have the market looking for steady to firm cash trade with last week's $88-$88.50 trade. October is 43 cents lower at $88.15 and December is 30 cents lower at $87.55.



Lean hog futures are lower at midsession. The sharp decline in pork cutouts on Wednesday and lower cash prices pushed futures lower on the open. Fund selling extended losses once the December contract fell to the lowest level since July. December is 50 cents lower at $58.75 and February is 60 cents lower at $61.10.