Corn: 2 to 4 cents lower; tight stocks vs. profit-taking.
Wheat: 2 to 3 cents higher; upside limited to short-covering.
Soybeans: 2 to 4 cents lower; pressure from crude oil.
Meal: $1 to $2 lower; spillover from beans.
Soyoil: Mixed; spreading with meal.

Soybean futures were weaker overnight amid spillover from weakness in
crude oil futures. Corn futures were mostly weaker, although old-crop
futures favored a firmer tone due to the tight stocks situation. Wheat
futures were firmer amid short-covering and help from dollar weakness.
Upside potential in wheat futures will be limited to corrective buying, as dry areas of Europe received more beneficial rains over the weekend. Rains also delayed winter wheat harvest in Kansas this weekend, although harvest-related hedge pressure is expected to climb near-term. Meanwhile, the forecast calls for a near daily chance of rains in the Northern Plains this week, putting more spring wheat acres in jeopardy.
Focus is turning to soybean planting in the Corn Belt and this
afternoon’s progress report is expected to show the crop still lagging
behind the average pace.Bron: CME