Corn futures gapped higher in a fast market as cold, damp weather threatens to slow planting progress. The market's ability to clear last week's high and chart resistance also provided a technical boost. July futures are up 2 3/4 at $2.20 1/4. The December contract is trading 3 cents higher at $2.37.



Soybean futures were sharply higher at the opening Monday. Weather related planting delay, particularly in the Delta is providing support, but technical buying was also prompted by the push above chart resistance at last week's higher during the overnight session. The July soybean contract is up 10 1/2 cents at $6.51.



The wheat market is strongly higher Monday morning finding support from fund buying and stronger than expected weekly export inspections of nearly 21 million bushels. Light rains across the southern Plains over the weekend failed to halt concern about dryness. Chicago May wheat is 10 3/4 cents higher at $3.23. KCBT May is up 8 1/2 cents at $3.36 1/2. MGE May wheat is 10 cents higher at $3.34.



Cattle futures are sharply higher in reaction to Friday's Cattle on Feed report which showed aggressive marketings and lower than expected placements resulting in April cattle on feed up only 1% from a year ago. June futures are 125 points higher at $89.97.



Lean hog futures are higher at mid morning. After a lower opening, lean hog futures bounced back to the plus side with strength in bellies providing support. Cash hogs are trading steady to higher. May lean hog futures are up 22 points at $75.45 with June 20 points higher $76.10.