Corn futures are trading higher at midday. Strength in outside markets such as gold and crude oil along with firm soybean prices have helped prices rally. Consolidation trade is likely ahead of the Supply/Demand report due out Friday morning. May is 3 3/4 cents higher at $4.25 3/4 and December is 3 3/4 cents higher at $4.10 1/4.



Soybean futures are higher at midsession. The market has been pulled higher by technical buying and spillover strength from outside metal and energy markets. The soybean market was due for a bounce after slipping to one-month lows this week. May is 11 1/4 cents higher at $7.59 and November is 11 cents higher at $7.97 1/2.



Wheat are trading firm at midsession. Short-covering is supporting the market, led by strength in soybeans. Some light consolidation trade has been noted ahead of the Supply/Demand report due out Friday morning. CBOT May is 4 cents higher at $4.77, KCBT May is 1 1/2 cents higher at $5.02 3/4, and MGE May is 3 1/4 cents higher at $5.11 1/2.



Cattle futures are lower at midday. Futures opened higher, but turned lower once futures were unable to push through technical resistance near contract highs. Losses are being limited by recent strength in beef prices and ideas of firm cash trade again this week. April is 38 cents lower at $97.23 and June is 38 cents lower at $95.35.



Lean hog futures are trading lower at midsession. Cash markets are steady to weak as marketings are outweighing packer demand. Technically, the market is looking bearish after recently slipping below several chart support levels. April is 5 cents lower at $64.95 and June is 23 cents lower at $75.35.