Corn futures ended lower Monday. Good weather and pressuring from outside markets weighed heavily on the commodity markets today. Growing conditions across the Corn Belt this summer have been almost ideal, with timely rains and moderate temperatures benefitting the crops. Crop progress reports are expected to show improved conditions. Short-covering and tight cash supplies helped limit losses. September was 11 cents lower at $3.34 3/4 and December was 13 1/4 cents lower at $3.44 1/4.

Soybean futures finished strongly lower. There have been concerns about exports slowing, but inspections of 14.1 million bushels were better than expected. Despite the good exports, the market was pressured by favorable weather conditions, lower crude oil and stock market and the stronger dollar. August futures were 35 1/2 cents lower at $11.18 1/2 and November was 43 cents lower at $9.63.

Wheat futures closed lower Monday. Futures fell to a new four-month low as seasonal harvest pressure, good weather and slow exports weighed on the market. Global wheat supplies are still large, and Kansas harvest reports are showing some crops with better-than-expected yields. Strength in the dollar also had a bearish effect. CBOT September was 9 3/4 cents lower at $5.19 1/4, KCBT September was 13 1/4 cents lower at $5.51 and MGE September was 10 cents lower at $6.12 1/2.

Cattle futures closed mixed Monday. The market recovered some of its morning losses as tight fed cattle supplies helped boost prices. Also supportive were the higher cash cattle prices from late last week. Weakness in outside markets and the grains pressured futures, as we head into the hotter summer months when beef demand typically declines. August was 45 cents lower at $84.43 and October was 40 cents lower at $89.83.

Lean hog futures finished mostly higher Monday. Russia's decision to lift its ban on swine and pork products from Illinois, Pennsylvania, Texas and New Jersey was supportive for futures. There is expected to be a decline in the number of hogs this summer. Processor margins and the pork carcass value have been poor. August was 90 cents higher at $62.05 and October was 78 cents higher at $57.95.