U.S. soybean futures are poised for a higher start Monday, rebounding in unison with broader-based commodity gains. CBOT soybeans are seen opening 6 cents to 8 cents higher.

In overnight trading, Chicago Board of Trade May soybean futures were up 6 1/4 cents at $13.31 1/4 a bushel, the most active July contract was up 8 1/2 cents at $13.34 1/2, and new crop November futures were down 7 3/4 cents at $13.16 1/4.

Stronger outside markets, with firmer crude oil and precious-metal futures are lending support to rekindle speculative buying following last week's sharp sell-off across the commodity sector, according to a Doane Advisory Service market note.

Further support is anticipated from a pickup in corn planting progress in the western Midwest, as it eases some concern about corn acreage shifting to soybeans. However, the support may be limited, as corn planting is still well behind normal in the eastern Midwest, according to Doane Advisory Service.

The Telvent DTN weather forecast said western Midwest crop areas may continue to plant in some locations until rains redevelop late Wednesday. Rains in the northern part of the west will cause planting delays sooner rather than later.

Futures are expected to stabilize as traders book profits on recently sold positions in an effort to even trades ahead of Wednesday's supply and demand forecasts from federal forecasters. Traders will eye movement in the U.S. dollar as well, with traders cautious additional fund selling will surface if the U.S. dollar strengthens.

Meanwhile, slowing export demand remains a fundamental barrier to sustaining an upside price push. Record harvests in South America are cooling demand for U.S. exports.

"In the past few weeks we have seen a gradual shift away from the United States as a leading grain supplier as other countries have entered the export market," said Karl Setzer, analyst with MaxYield Cooperative. "This is especially true on soybeans, with buyers opting for South American offerings at a sharply reduced price to the United States," he added.

China, the leading importer of U.S. and global soybeans, has slowed its purchasing of late, as China's soybean demand is reportedly sluggish with port inventories high and supplies at crushing plants at comfortable levels.

On tap for Monday, the U.S. Department of Agriculture is scheduled to release its weekly export inspections report at 11 a.m. EDT and its weekly crop progress report at 4 p.m. EDT.