The most active corn contract for July delivery was down 3.75 cents, or 1.02 percent to 3.635 U.S. dollars per bushel. July wheat was down 6.5 cents, or 1.45 percent to 4.4175 dollars per bushel. May soybeans were down 3.5 cents, or 0.4 percent to 8.77 dollars per bushel.
CBOT floor traders reported that fund sold 3,000 contracts of wheat, 2,000 contracts of corn, and 500 contracts of soybeans.
CBOT wheat fell sharply on plentiful global stockpiles and better U.S. crop conditions, said market watchers.
The U.S. Department of Agriculture on Monday released its latest crop progress report, showing that 62 percent of U.S. winter wheat are in good to excellent condition, higher than the 60 percent last week and the 31 percent in the previous year.
Meanwhile, sunny and dry weather in the forecast for most parts of the U.S. Midwest this week is also favorable for corn and spring wheat seeding, pressuring the CBOT futures.
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