DES MOINES, Iowa (Agriculture.com)--The CME Group corn and soybean markets sold off Monday, ahead of tomorrow's WASDE Reports on U.S. stocks and world production. 

The July corn futures closed 11 cents lower at $6.41 1/4. The July soybean contract settled 3 cents lower at $14.34 3/4. The July wheat futures ended 2 3/4 cents higher at $6.49. The July soymeal futures ended $2.60 per short ton lower at $391.10. The July soyoil futures closed $0.07 higher at $57.10.  

In the outside markets, the NYMEX crude oil is $0.84 per barrel lower, the dollar is lower and the Dow Jones Industrials are down 90 points

Jack Scoville, PRICE Futures Group vice president, says the markets wandered before the USDA Crop Progress Report this afternoon and the Supply/Demand Reports to be released tomorrow morning.  "For tomorrow, the market is looking for increased demand and less ending stocks for the beans, no real changes for the corn just yet," Scoville says.  

Wheat held losses to a minimum Monday, on the cold weather forecasts for later this week, he says. "Although, overall, the crop should be in good shape here and should be getting better in Europe with some rain finally arriving."