Corn futures finished lower Monday. The market was up early on support from soybeans and outside markets until lower than expected weekly export inspections were released. Inspections of 29.98 million bushels were below the 35.21 million seen the previous week. The trade was looking for 33 to 36 million. May closed 2 1/2 cents lower at $3.94 and December was 3 1/4 cents lower at $4.24 3/4.

Soybean futures settled higher Monday, but gave back nearly all of their gains from the morning rally. The market pulled back after weekly export inspections were lower than trade estimates of 22 to 27 million bushels. Inspections came in at 20.5 million bushels. Argentina farmers are on strike until Friday, which kept futures higher today. May futures finished 2 1/4 cents higher at $9.58 1/4 and November was 1 1/2 cents higher at $8.94 1/2.

Wheat futures finished mixed on Monday, with the Chicago and Kansas City markets lower, while Minneapolis was up. Weekly inspections jumped to 22.4 million bushels, well above the previous week of 12.7 million and trade estimates for 14 to 19 million. Selling in corn and soybeans weighed on wheat late, as well as forecasts for timely rains in the southern Plains. CBOT May was 1 cent lower at $5.49 1/4, KCBT May was 5 1/4 cents lower at $5.97 3/4 and MGE May was 3 1/2 cents higher at $6.39 1/4.

Cattle futures closed higher Monday despite a pullback from morning gains. Futures rallied higher this morning on support from Friday's Cattle on Feed Report, which showed placements down 3 percent, and feedlot supplies at the lowest level in four years. Heavy selling in lean hog futures dragged summer contract cattle futures off their highs. April finished 75 cents higher at $85.95 and June was 55 cents higher at $83.40.

Lean hog futures settled lower Monday. USDA's monthly Cold Storage Report released on Friday showed an increase in stocks of almost 30 million pounds to 636.6 million, the largest ever for February and the highest in nearly 10 years. Futures recovered some of their losses after dropping to two-week lows. April was $1.10 lower at $60.65 and June was $1.15 lower at $72.63.