Corn futures are trading higher at midsession. Futures came off their opening highs when wheat slipped lower, but have been able to move higher again. Strong demand continues to drive speculative buying interest. Seasonal harvest pressure is being limited by wet conditions in the eastern Corn Belt. December is 4 cents higher at $3.31 and March is 4 cents higher at $3.43 1/2.



Soybean futures are higher at midday. Follow-through technical buying from yesterday's fund led rally is supporting the market. Soybean traders are also trying to keep up with gains in corn as the crops will be bidding for acreage next spring. November is 4 3/4 cents higher at $6.32 1/2 and January is 4 3/4 cents higher at $6.46 1/2.



Wheat futures are trading higher at midday. The market remains volatile as profit-taking briefly weighed on prices this morning. Support is coming from news that Egypt bought 60,000 tonnes of soft white from the U.S. and Iraq purchased 400,000 tonnes of hard red winter wheat. CBOT Dec is 3 cents higher at $5.10 1/2, KCBT Dec is 3 1/4 cents higher at $5.33 1/2, and MGE Dec is 3 1/4 cents higher at $5.10.



Cattle futures are trading lower at midsession. Profit-taking after recent gains and lower boxed beef prices have pushed contracts lower. However, losses are being limited by some light fund buying interest on the weakness. October is 35 cents lower at $90.75 and December is 45 cents lower at $90.20.



Lean hog futures are lower at midday. Profit-taking after the limit gains in the December contract and new highs set in most deferreds on Thursday is weighing lightly on prices. Losses are being limited by firm cash prices again this morning. December is 3 cents lower at $64.45 and February is 25 cents lower at $66.95.