Corn futures ended lower Monday as improving weather forecasts weighed on prices and triggered fund-based selling. Futures were down surprisingly hard considering there are only a few trading days left before USDA will issue the crop production report on Friday morning. September closed down 5 1/4 cents at $2.39 3/4. December settled 5 1/4 cents lower at $2.57.

Soybean futures ended strongly lower on Monday. Rainfall in some of the driest areas of the northwest crop belt and other areas in the Midwest pressured prices. More moderate temperatures are also being forecast for the next week or so. September ended 14 3/4 cents lower at $5.67 1/4 and November was 15 cents lower at $5.82.



Wheat futures were lower on the close Monday. The market slipped to a lower close on spillover pressure from steep losses in corn and soybeans. Even though wheat held up relatively well, the market simply couldn't shake off the bearish influence from corn and soybeans. CBOT Sep was down 3 cents at $3.93, KCBT Sep fell 1 1/2 cents to close at $4.84 1/2, and MGE Sep was 1 1/2 cents lower at $4.80 3/4.



Cattle futures closed higher on Monday. Active cash cattle sales late last week and higher boxed beef cutout values provided fundamental support. The market is technically strong with most futures contracts at the highest level since July 7. August was 60 points higher at $85.42 while October was up 40 points at $89.90. August feeder cattle climbed 87 points to close at $116.00.



Lean hog futures closed strongly higher on Monday, pushing to new contract highs. Strength in the cash and cutout markets encouraged commercial buying this morning. Funds extended the rally with the October's discount to cash being a supportive factor. The October contract closed $1.65 higher at $63.30. The December contract finished at $60.93, up $1.13 from Friday.