Corn futures are trading higher at midsession. Support is coming from spillover buying from the rally in soybeans and slower than expected planting progress. USDA pegged corn planting progress at 14% as of Sunday. May is 3 1/4 cents higher at $2.07 1/2.



Soybean futures are strongly higher at midday. The gains are being attributed to technical buying with little other fundamental news available. Funds have apparently turned into buyers this morning. May is 21 1/2 cents higher at $6.31.



Wheat futures are higher this morning. Gains are being attributed to a technical rebound following recent weakness. Winter wheat condition rating slipped to 69% good to excellent last week compared to 70% the previous week. CBOT May is 5 1/2 cents higher at $3.07 1/4, KCBT May is 3 higher at $3.19 and MGE is 5 1/2 cents higher at $3.22.



Cattle futures are trading higher at midsession. Higher boxed beef prices yesterday and expectations for steady to higher cash trade this week are supporting the market. However, poor packer margins could limit cash trade this week. April is 23 cents higher at $90.15 and June is 8 higher at $84.63.



Lean hog futures were lower most of the morning, but have recovered as of midday. Lower cash markets remain a negative factor, but futures have been able to bounce off of recent losses. May is 5 cents higher at $74.60 and June is 20 cents higher at 76.90.