Corn futures edged higher in subdued trade Monday. There was little additional news in the market. Weekly export inspections were solid at 46.5 million bushels. The strong pace of shipments should allow cumulative exports for the 2005-06 marketing year to meet or even exceed USDA's forecast of 2.1 billion bushels. September ended 1 1/4 cents higher at $2.21. December settled 1 3/4 cents higher at $2.37 1/2.

Soybean futures ended slightly higher on Monday. The small bounce is being attributed to technical buying amid oversold conditions. Rally attempts continue to be limited by favorable weather forecasts and trade expectations for USDA to raise good to excellent condition ratings 1-3 points this afternoon. September is 1 1/4 cents higher at $5.48 1/4 and November was 3/4 of a cent higher at $5.61 1/4.

Wheat futures closed mixed on Monday. Recent beneficial rain in the Plains and lackluster export sales are the major negative market factors. However, Friday's reversal from midday lows attracted some bargain hunting and commercial pricing interest. CBOT Sep was 1 1/4 cents higher at $3.65 3/4. KCBT Sep fell 1/2 cent to close at $4.53 3/4. MGE Sep was 2 cents lower at $4.46 1/2.

Cattle futures were higher on the close Monday. The market was supported by the firm tone in cash prices late last week and expectations for seasonally higher prices this fall. October futures attracted technical buying interest after retreating to fill a chart gap Friday. October climbed 77 points to close at $91.65 while December was 72 points higher at $90.87. October feeder cattle were up 135 points to close at $117.95.

Lean hog futures closed higher again on Monday, hitting new contract highs in most months. Futures prices are being supported by gains in the cash market as hog and pork demand are quite strong as packers fill orders for the Labor Day Weekend. With the fundamentals strong, traders are also covering short positions and adding to longs. October ended 73 cents higher at $67.05 and December was 73 points higher at $63.98.