Corn futures ended lower on Monday. Strength in the U.S. dollar index and sluggish export demand were bearish factors. However, losses were limited by strength in soybeans and forecasts for some stressful weather in corn growing regions of Argentina and Brazil this week. March ended 1 cent lower at $4.11 1/4 and July was 1 1/2 cents lower at $4.31 1/2.

Soybean futures were higher on Monday, hitting a three month high. Firm crude oil prices, strong demand for U.S. soybeans and weather concerns in South America pushed prices higher. Dry weather is a concern for much of Argentina and warmer and drier weather is being forecast. January closed 13 3/4 cents higher at $9.83 3/4 and March was 10 cents higher at $9.87.

Wheat futures ended higher on Monday. The rally in soybeans helped pull wheat prices off their lows day late in the session. However, gains were limited most of the day by sluggish export demand and the lack of any threatening weather forecasts for the winter wheat belt over the next week or so. CBOT March ended 5 3/4 cents higher at $6.16 3/4, KCBT March was 4 1/4 cents higher at $6.37 3/4 and MGE March ended 2 cents higher at $6.57 1/4.

Cattle futures closed mixed on Monday. Profit-taking and strength in the U.S. dollar index pushed some contracts lower today. However, losses were limited and the nearby closed higher on strength in the cash market last week and firm boxed beef prices at midday. Choice cutouts were up 87 cents. February ended 45 cents higher at $87.55 while April closed 35 cents lower at $90.40.

Lean hog futures were mostly lower on Monday following big gains on Friday. The strong prices on Friday were a surprise triggered by rumors that Russia was about to buy lots of pork from the U.S. By Monday, traders were wondering if the price jump was overdone. February closed $1.18 lower at $62.68 and April closed 98 cents lower at $70.30.