Corn futures are trading higher at midsession. The market is rebounding slightly from recent profit-taking weakness. Weekly export sales from last week were at the low end of expectations, but business appears to have picked up this week on the lower prices as South Korea and Israel have both reportedly been in the market. March is 2 cents higher at $3.68 and May is up 2 cents at $3.73 1/2.



Soybean futures are higher at midday. Gains are being attributed to a technical bounce from recent weakness with strength in corn also a supportive factor. The market continues to keep an eye on South American weather, but so far weather has been generally beneficial for planting and early season growth. January is 3 1/4 cents higher at $6.57 1/2 and March is 3 3/4 cents higher at $6.72.



Wheat futures are lower at midday as traders are extending the losses posted on Wednesday. Continued fund long liquidation and a bearish Stats Canada wheat estimate are keeping prices on the defensive. Stats Canada's estimated their wheat crop at 27.3 million tonnes, which was above pre-report trade estimates and was 4% above the previous estimate. CBOT Mar is 4 1/2 cents lower at $4.91, KCBT Mar is 1 cent lower at $5.10, and MGE Mar is 2 1/2 cents lower at $5.04.



Cattle futures are trading slightly higher at midsession. Gains are being limited as traders wait for direction from the cash market. However, firm bids are expected as beef prices have been moving higher and packers are short-bought following last week's light trade. December is unchanged at $86.35 and February is 5 cents higher at $89.48.



Lean hog futures are higher at midday. Steady to higher cash markets have helped the futures market rebound from recent losses. Packers are still raising bids for hogs despite tightening margins. Pork cutouts were down 71 cents on Wednesday. December is 78 cents higher at $62.30 and February is 85 cents higher at $64.70.