Corn futures were higher Monday on renewed weather concerns. The extreme heat currently baking the Corn Belt helped boost prices. High temps blanket the eastern two thirds of the U.S. Rain and cooler temps are slowly moving from the northwestern Corn Belt, but long-term forecasts maintain a bias for above normal temperatures and normal to below normal precipitation. September closed 1 3/4 cents higher at $2.39. December settled 2 1/2 cents higher at $2.56.



Soybean futures traded mixed on Monday, but closed higher on weather concerns. Intense heat over the weekend sent soybean prices higher early in the day but the milder forecasts for the western Midwest over the next few days trumped that for a while before prices rallied toward the end of the session. August closed 3 cents higher at $5.79 1/2 and November was 1 3/4 cents higher at $5.99 3/4.



Wheat futures were higher on the close Monday. Hot, dry weather in the Plains and western Corn Belt sparked early gains across the crop markets. Technical buying contributed to the solid gains. The market was able to rally despite poor weekly export inspections of 11.8 million bushels, less than half the year-ago level. CBOT Sep was 9 cents higher at $3.97 1/2 while KCBT Sep climbed 8 3/4 cents to close at $4.92 3/4. MGE Sep was up 8 cents at $4.86.



Cattle futures were higher on the close Monday. Futures rode a late rally to a higher close after a two-sided trading session. Higher boxed beef cutout values and hot temperatures in the Plains provided support. However, gains were limited by last week's slow cash trade and concerns that the hot weather will curtail beef demand. August climbed 37 points to close at $83.72 while October was up 55 points at $88.70. August feeder cattle closed 17 points higher at $114.32.



Lean hog futures closed mixed on Monday after posting solid gains early in the session. The key factor supporting prices was a rebound in cash prices. Due in part to the hot weather, cash prices recorded solid gains, which fueled gains in futures that sent October to the highest level since early July and December to new contract highs. October closed 30 cents higher at $61.75 and December was 40 cents higher ending at $59.88.