Corn prices remain weak in the wake of recent losses. Despite having fallen for nine straight sessions, the July 11 WASDE’s increase in ending stocks for both 2013/14 and 2014/15 is depressing prices again Monday morning. Prospects for ideal Corn Belt weather during the July pollination period promise a bumper harvest this fall, which is exerting additional pressure. September corn stalled at $3.7825/bushel late Monday morning, while December inched down 0.25 cent to $3.845.

The Export Inspections report seemingly boosted soy values Monday morning. The WASDE report boosted soybean carryout for both the current and next crop years and near-perfect weather is boosting fall production prospects; thus, prices tumbled. Nevertheless, beans and meal are rallying to start this week, probably in response to the strong result on the weekly Export Inspections report. August soybean futures climbed 8.75 cents to $12.045/bushel around midsession Monday, and November futures added 7.25 cents to $10.8225. August soyoil rose 0.03 cents to 36.80 cents/pound, while August soymeal bounced $1.8 to $389.6/ton.

Wheat futures are rebounding from four-year lows. Last Friday’s WASDE report indicated reduced U.S. wheat exports and increased domestic stocks during the coming months, thereby adding the recent downtrend. However, prices are mostly higher this morning; traders seemingly think the early-July breakdown will spur renewed buying interest. September CBOT wheat rebounded 7.25 cents to $5.3325/bushel just before lunchtime Monday, while September KC wheat rallied 4.75 cents to $6.41/bushel and September MWE wheat gained 5.25 cents to $6.3325/bushel.

Cattle futures resumed last week’s slide Monday morning. Cattle futures turned sharply lower last week as traders anticipated seasonal weakness. Sliding cash prices reinforced those ideas. Futures did bounce Friday, but have apparently resumed their decline to start this week’s action. August live cattle fell 0.42 cents to 148.70 cents/pound soon after midmorning Monday, while December tumbled 0.27 cents to 152.72 cents. Meanwhile, August feeder cattle rose 0.95 cents to 211.32 cents/pound, whereas October gained 0.22 to 211.67.

Hog futures are surging on reduced supply prospects. Resumed cash and wholesale strength is seemingly spurring fresh buying in CME hog futures. Traders may also be reacting to short-term forecasts for big production cuts during the balance of July. August hog futures jumped 1.82 cents to 130.50 cents/pound shortly before noon Monday and December surged 0.80 cents to 105.15 cents.