Corn futures ended lower on Monday. Speculative buying dried up on the open and profit-taking pushed prices lower after the recent rally to 5-month highs. Lower prices brought back market talk of large corn stocks and world feedgrain supplies. March ended 2 1/2 cents lower at $2.22 3/4 and May ended 2 cents lower at $2.33.

Soybean futures closed lower on Monday. The market opened on a positive note today but prices began to deteriorate almost immediately. Rain showers over the weekend in both Brazil and Argentina weighed on the market and technical selling extended losses. March settled 7 3/4 cents lower at $5.87 and May ended 7 cents lower at $6.00 1/2.

Wheat futures settled mixed on Monday. Futures absorbed a round of profit taking to close mixed. Kansas City and Minneapolis set another round of contract highs but Chicago remains well short of the highs. A continuation of the dry pattern in the Plains is lending strong fundamental support. CBOT Mar was 1 1/2 cents lower at $3.55. KCBT Mar climbed 6 cents to close at $4.17 1/2. MGE Mar was down a 1/2 cent at $4.04.

Cattle futures ended mixed on Monday. Futures bounced from initial weakness, but buying interest was limited. The cash market tone remains weak with boxed beef prices down about $5 since the end of January. February closed 12 points lower at $92.15. April gained 2 points to close at $89.87. March feeder cattle were up 22 points at $108.05.

Lean hog futures closed higher on Monday as cash bids improved and traders took profits. Modest improvement in cash bids in some markets triggered short covering amid light volume. April gained 60 cents and closed at $61.33. June was 35 cents higher at $68.53.