Grains are finishing lower Monday after the Agriculture Department said it expects shrinking soybean plantings this year, as prices and returns decline.
While the government outlook sees strong global demand for soybeans, especially in China, lower U.S. livestock production and the availability of other grains for feed is likely to mean less demand in domestic markets for soybeans, at least in the short term.
Soybeans fell 21 cents to $14.315 per bushel.
Most metals are lower, with April gold losing $17.80 to $1649.10 an ounce. Silver, copper, and platinum dropped as well.
Energy futures are mixed. Benchmark crude rose $1.31 to $97.03 a barrel in New York as the euro strengthened against the dollar. Wholesale gasoline fell 4 cents to finish at $3.02 a gallon.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.