Corn futures are trading higher at midsession. Strong weekly export sales reported this morning helped trigger speculative buying. Export sales of 54.9 million bushels were above expectations. For the marketing year, commitments are up 36% over year-ago. December is 2 3/4 cents higher at $3.61 and March is 3 3/4 cents higher at $3.76 1/4.



Soybean futures are higher at midday. The market is being supported by technical buying following yesterday's losses, firm corn prices, and strong export demand. Weekly export sales of 27.8 million bushels were at the high end of trade expectations and sales are running 35% above last year. January is 5 cents higher at $6.68 3/4 and March is 4 3/4 cents higher at $6.80 3/4.



Wheat futures are trading mixed at midsession. Disappointing export demand is preventing wheat from following corn and soybeans higher. Export sales were sluggish at only 11.9 million bushels. For the marketing year, commitments are 19% below last year's pace. However, bullish global supply/demand fundamentals are helping keep markets mixed. CBOT Mar is 1/2 cent higher at $5.03, KCBT Mar is 1/2 cent lower at $5.36, and MGE Mar is 1/2 cents lower at $5.16.



Cattle futures are trading higher at midday. The market opened higher on momentum from yesterday's gains. Cash trade this week has been mostly steady in the North and is expected to be steady to firm bids in the South. However, higher corn prices are limiting front end gains on ideas that cattle will be marketed early. December is 3 cents higher at $86.75 and March is 15 cents higher at $89.35.



Lean hog futures are higher at midsession. The market is being supported by short-covering from recent losses and the 49 cent jump in pork cutouts on Wednesday. Cash bids have stabilized today as packer margins have improved. Strong export demand is said to be helping offset sluggish domestic demand. December is 65 cents higher at $61.60 and February is 85 cents higher at $65.00.