Corn futures ended lower on Monday. Light speculative selling and ideas that USDA will report a strong pace to planting progress this afternoon weighed on futures. National average planting progress is expected to be 18%-20% complete. May ended 2 cents lower at $2.04 1/4.



Soybean futures ended mixed today. Generally bearish fundamentals and export competition from the recently harvested South American crop weighed on old-crop months. Deferreds were higher on ideas that strong corn planting progress will limit soybean acreage. May ended 6 3/4 cents lower at $6.09 1/2, but Nov was 3/4 of a cent higher at $6.03 3/4.



Wheat futures were mixed on Monday. The CBOT was lower on disappointing weekly export inspections and generally favorable winter wheat crop conditions. The MGE bounced after Friday's steep decline and talk of Egypt having bought some spring wheat. CBOT May ended 3 1/2 cents lower at $3.01 3/4, KCBT was 3/4 of a cent higher at $3.16 and MGE May was 5 1/4 cents higher at $3.16 1/2.



Cattle futures ended higher on Monday. The rally in feeder cattle futures to new contract highs helped pull fed cattle futures higher. Market activity was light as many traders stay on the sidelines, waiting for cash prospects for the week to become clearer. April was 48 cents higher at $89.93 and June was 13 cents higher at $84.55.



Lean hog futures closed strongly lower on Monday. Profit-taking, fund selling, and softening cash fundamentals weighed on the market. The cash market was weak today and futures are at a strong premium to cash. May was 130 points lower at $74.55 and June was 120 lower at $76.70.