Corn futures are trading higher at midday. The market is being supported by the rebound in crude oil and gold markets this week along with continued strong demand for corn. Cold weather should bump feed consumption and demand for ethanol will continue to rise. March is 2 1/2 cents higher at $4.06 1/2 and December is 2 1/4 cents higher at $3.97.



Soybean futures are higher at midsession. The market is rebounding from yesterday's late sell-off. Strong weekly export sales and reports that Argentina has discovered the first case of Asian rust this crop year are supportive fundamental factors. March is 7 1/2 cents higher at $7.27 and November is 7 1/2 cents higher at $7.78 1/2.



Wheat futures are trading mixed at midday. Improved export demand and a supportive weekly export sales number are offering light support. However, buying interest is limited following yesterday's strength. CBOT Mar is 1 1/4 cents lower at $4.66 1/4, KCBT Mar is 1 1/4 cents higher at $4.90, and MGE Mar is 1/4 cent higher at $4.95 1/2.



Cattle futures are trading lower at midsession. The market is being pressured by futures premium to the most recent cash market and the lack of follow-through fund buying from yesterday's gains. Boxed beef prices continue to slide although there is some talk prices will bottom soon. February is 48 cents higher at $89.75 and April is 30 cents higher at $92.88.



Lean hog futures are trading mixed at midsession. Profit-taking and selling encouraged by the 72 cent drop in pork cutouts on Wednesday are weighing on futures. Strong technicals and light fund buying have helped pull some deferred contracts higher. February is 28 cents lower at $64.25 and April is 48 cents lower at $67.75.