Corn futures are 5 to 9 cents higher at mid morning Wednesday, boosted by limit gains in wheat and concerns about possible harvest delays. Monday afternoon USDA reported harvest progress at 29% as of Sunday, three points behind the five-year average. December corn is 9 cents higher at $2.81 1/2 and the March futures contract is up 6 cents at $2.94.



Soybean futures are 5 to 8 cents higher Wednesday morning. Spillover from sharply higher corn and wheat is offsetting pressure from expectations for a larger crop production forecast from USDA. Soybean harvest progress jumped to 47% complete as of Sunday, up from 19% the previous week. The November futures contract is 6 1/2 cents higher at $5.67 and January soybeans are up 5 3/4 cents at $5.81.



Wheat futures are up 18 to 30 cents at mid morning. News that Australia has halted export shipments from the east coast due to poor yields and is reviewing its export commitment has renewed the bullish market sentiment after a setback on Tuesday. The Chicago December is up 30 cents at $5.31. Kansas City December is 24 cents higher at $5.37 1.4 and Minneapolis December is up 18 cents at $5.20.



Cattle futures are 17 to 30 points higher Wednesday morning, boosted by short covering support after dipping lower in early trading. New reports Monday that Tyson and National Beef Packing plan to reduce operating schedules are expected to pressure cash prices a couple dollars lower this week. However, firming boxed beef values are underpinning the market. October live cattle are up 22 points at $88.50 and December is 27 points at $87.30.



Lean hog futures are 10 to 60 points higher. Futures are finding support from a discount to the cash market with the October contract approaching expiration Friday. Recent strength in pork cutout values is offsetting pressure from a weaker cash prices. October lean hog futures are up 10 points at $64.90 and the December contract is 60 points higher at $59.85.