Corn futures are trading higher at midsession. The market continues to recover from last week's decline that had pushed prices to three-week lows. Export activity remains strong with USDA reporting activity with Egypt and South Korea. March is 3 3/4 cents higher at $3.74 1/2 and December '07 is 3 1/2 cents higher at $3.54 3/4.



Soybean futures are higher at midday. Light follow-through technical buying and higher corn prices are supporting the market. Gains are being held back by limited buying interest following yesterday's jump in prices. January is 3/4 of a cent higher at $6.67 1/2 and November is 1 cent higher at $7.21.



Wheat futures are trading higher at midsession. Gains are being attributed to technical buying following the firm close on Monday and spillover support from corn. Warm and dry weather is expected to continue over the Plains through the weekend. CBOT Mar is 1 1/4 cents higher at $4.91 1/4, KCBT Mar is 1/2 of a cent higher at $5.11 1/2, and MGE Mar is 2 3/4 cents higher at $5.05.



Cattle futures are lower at midday. Ideas of lower cash cattle trade this week are weighing on the market. Trade volume was light last week and the bigger showlists and weak tone in the beef market are expected to pressure cash trade. December is 93 cents lower at $85.38 and February is 85 cents lower at $88.25.



Lean hog futures are lower at midsession. Steady to lower cash markets are offsetting a small gain in pork cutout values on Monday. Selling pressure is also being attributed to futures premium to the lean hog index. Losses are being limited by favorable packer margins that should help limit losses in the cash market. December is 33 cents lower at $61.45 and February is 35 cents lower at $63.15.