Corn futures ended higher on Monday, but traded both sides throughout the session. Outside markets were supportive as equities and crude oil were higher while the dollar index was lower. Gains were limited by favorable growing conditions for the crop, especially what is now pollinating. However, there is some concern about the crop making maturity with the cooler than normal temperatures and forecasts for more below normal temperatures. September closed 1 cent higher at $3.23 1/4 and December was 2 1/4 cents higher at $3.33 3/4.

Soybean futures settled mixed on Monday. The August contract was supported by tight old-crop soybean stocks, strength in the equity markets and weakness in the dollar. However, new-crop months were lower on the favorable crop weather, with improved condition ratings expected to be reported this afternoon. However, cooler than normal temperatures have raised concerns about the lack of crop maturity. August ended 23 1/2 cents higher at $10.33 while November was 1/2 of a cent lower at $9.23.

Wheat futures closed mostly higher on Monday. Weakness in the dollar and strength in equities helped support the market. But gains were limited and some contracts traded lower amid profit-taking from recent strength and generally favorable harvest weather recently. CBOT Sep was 1/2 of a cent higher at $5.42 1/4, KCBT Sep ended 4 1/2 cents higher at $5.71 and MGE Sep closed 3 cents lower at $6.13 1/4.

Cattle futures closed mixed on Monday. August hit a six month high, but deferred contracts turned mixed. Some profit-taking was noted amid technically overbought conditions following last week's rally. Strength in boxed beef prices at midday helped the nearby as choice cutouts were up $1.52 and select cuts were $1.98 higher. August ended 43 cents higher at $86.80 and October was 8 cents lower at $91.88.

Lean hog futures settled lower on Monday. Profit-taking weighed on prices despite a big jump of $1.71 in pork cutouts on Friday and the outlook for tighter hog numbers. Pork prices are up over $12 since falling to the lowest level in six years on June 24. Cash prices were steady to firm and improved packer margins should continue to support cash prices. August ended 3 cents lower at $64.65 and October was 8 cents lower at $60.48.