Corn futures are trading higher at midday. Buying interest continues to be driven by strong demand projections and estimates for very tight ending stock levels. However, anticipation for some selling interest from the index funds and technically overbought levels could limit gains this afternoon. March is 9 cents higher at $4.12 and December is up 8 3/4 cents $3.96 1/2.



Soybean futures are strongly higher at midsession. The market is making a recovery from yesterday's profit-taking losses. Strength in corn and the need to keep pace with prices to prevent losing more acreage this spring is supporting soybeans. March is 12 cents higher at $7.20 1/2 and November is 11 1/4 cents higher at $7.68 1/2.



Wheat futures are firm at midsession. Spillover strength from corn and a technical bounce from recent losses are supporting the market. Fundamentals remain mostly bearish given the improved moisture levels in the hard red winter wheat belt. CBOT Mar 10 cents higher at $4.74, KCBT Mar is 6 1/2 cents higher $4.98 1/2, and MGE Mar is 8 1/4 cents higher at $5.00.



Cattle futures are trading mixed at midday. The nearby is being supported by ideas of firm cash cattle trade this week and forecasts for another storm to hit the Plains this weekend that could reduce cattle weights. Beef prices continue to rise with Choice cutouts at the highest level since last January. February is 13 cents higher at $92.40 while April is 13 cents lower at $94.05.



Lean hog futures are higher at midsession. Firm cash markets and the $1.61 jump in pork cutout values yesterday are supporting futures. Marketings remain on the light side due to recent snow and cold temperatures. Strong pork export demand is also a bullish factor. February is 73 cents higher at $61.35 and April is 60 cents higher at $65.58.