Corn futures closed lower on Monday. Strength in the dollar index and weakness in crude oil and stock market pressured prices today. Sluggish export demand has limited buying interest recently, although that is being offset by strong domestic demand for corn for feed and ethanol production. Losses were limited by spillover strength in soybeans. December ended 5 cents lower at $6.33 1/2 and March was 4 1/2 cents lower at $6.43 1/4. 

Soybean futures traded higher on Monday. The market has been able to rally on talk of China being in the market for U.S. soybeans. But gains were limited by strength in the dollar and weakness in the stock market. The NOPA soybean crush number at 141.2 million bushels was slightly bearish for soybeans as it was about 1 million below trade expectations. January closed 2 3/4 cents higher at $11.78 1/4 and March was 3 cents higher at $11.88 3/4. 

Wheat futures were lower on Monday, with losses at the KCBT leading the decline. Sluggish export demand and some recent rainfall in the Plains weighed on the market. Weekly export inspections reported this morning of 10.4 million bushels fell below trade expectations. Strength in the dollar was bearish as it makes U.S. wheat even less competitive on the global market. CBOT December closed 1 cent lower at $6.15 3/4, KCBT December was 12 cents lower at $6.92 and MGE December ended 6 3/4 cents lower at $9.27 1/2. 

Cattle futures traded mixed on Monday. Front end futures were pressured by ideas that beef demand will soften while cattle number will increase. Recent strength in the cash market seems unsustainable due to poor packer margins. Strength in the dollar index and weakness in the stock market were bearish factors for beef demand. December closed 45 cents lower at $120.10 and February was 50 cents lower at $122.23.

Lean hog futures closed higher on Monday. The futures market rallied on recent strength in pork prices and favorable packer margins that should help support the cash market soon. Strong export demand remains an underlying supportive factor. December ended 13 cents higher at $86.58 and February was $1.15 higher at $88.90.