Corn futures are slightly higher at midsession. Spillover support from soybeans and some rain in the eastern Corn Belt that will further slow planting progress are offering support. However, gains are being limited by forecasts showing a warmer and drier trend next week that should help planting progress. July is 1/2 of a cent higher at $4.05 3/4 and December is 1/2 cent higher at $4.25 1/2.



Soybean futures are higher at midday. Bullish old-crop fundamentals continue to be supportive as stocks remain tight and as export demand is strong. Reports continue to show low soybean yields and production estimates have been on the decline. Non-commercial buying is also being encouraged by firm outside markets as the stock market and crude oil futures are higher. July is 11 cents higher at $11.12 and November is 15 cents higher at $9.75 1/2.



Wheat futures are trading mixed at midsession. Slow export demand and reports of good yield potential from the Wheat Quality Council Kansas wheat tour are bearish factors. But some contracts are being supported by firm outside markets and spillover buying from soybeans. CBOT July is 1 cent higher at $5.54 1/2, KCBT July is 1/4 of a cent lower at $5.98 1/2 and MGE July is unchanged at $6.76 1/4.



Cattle futures are trading higher at midsession. The June contract's discount to the most recent cash trade and short-covering are supporting futures. The EU and U.S. have agreed on some trade issues, where the EU will allow additional U.S. beef imports duty free. Gains in the futures market are being limited by lower boxed beef prices again on Tuesday. June is 33 cents higher at $82.45 and August is 43 cents higher at $82.65.



Lean hog futures are sharply higher at midday. The $1.34 cent jump in pork cutouts and talk that pork exports will soon recover were supportive factors. Bans on U.S. pork imports are expected to be short-lived as H1N1 flu concerns ease. Cash markets were mostly lower again this morning, there were some instances of higher bids. June is $1.95 higher at $66.75 and July is $1.78 higher at $69.55.