Corn futures are trading higher at midsession. Spillover support from soybeans helped trigger technical buying. May futures have been able to rally to a new 6-week high. March is 3 1/4 cents higher at $2.03 1/4 and May is 3 1/2 higher at $2.11 1/4.



Soybean futures are higher this morning, but have slipped from the highs of the day. Forecasts for continued warm and dry weather in southern Brazil have driven the rally. Gains are being limited by funds already having covered most of their short position. March is 9 1/2 cents higher at $5.62.



Wheat futures are higher at midday with spillover support coming from soybeans. Weekly export inspections were above trade expectations at 21.2 million bushels. However, gains are being limited by Egypt turning to France for wheat over the weekend. CBOT Mar is 6 1/2 cents higher at $3.02 1/2, KCBT Mar is 2 3/4 higher at $3.33 1/4 and MGE Mar is 3/4 of a cent higher at $3.34 1/4.



Cattle futures are trading mixed at midsession. Weakness in boxed beef prices and negative packer margins are weighing on front-end contracts while deferreds are finding support from Friday's Cattle on Feed report. February is 75 points lower at $88.20 and April is up 10 cents at $85.55.



Lean hog futures are mostly lower at midday. However, firm cash bids are supporting the nearby April contract. Poor packer margins and concern about pork demand keeping pace with supplies are weighing on deferreds. April is 18 cents higher at $73.05.