Corn futures were lower on Monday. Newswires reported that speculative selling as provided most of the selling pressure, but favorable planting weather was also a bearish influence. May ended 3 cents lower at $2.09 3/4.



Soybean futures closed mixed on Monday. The market opened lower, but was able to pull higher in some contracts ahead of the close. The market has been volatile as of late, but was relatively quiet today amid the lack of fresh news. May futures ended 1 cent higher at $6.15.



Wheat futures were lower on Monday pressured by reports that Egypt purchased wheat from Russia over the weekend. Weekly export inspections reported this morning fell to only 12.3 million bushels, down from 20.5 million last week. CBOT May was 6 cents lower at $3.16 1/2. KCBT May was down 6 1/2 cents at $3.25. MGE May slipped 2 1/2 cents to close at $3.33.



Cattle futures were lower on Monday amid ideas that cash markets are near a seasonal top. Reports that weekend beef movement was no better than average contributed to the negative sentiment. April fell 95 points to close at $88.77. June ended 130 points lower to close at $84.12.



Lean hog futures closed lower on Monday. Cash hog prices were higher on Monday, but they are still more than $10 under the May contract. It will take more evidence that cash hogs can move up significantly before futures prices can sustain a good rally. May ended 68 cents lower at $77.93.