The proposal would set the highest overall numbers ever.

Corn, soybeans and wheat ended lower on Monday seeing some profit taking after higher weekly closes in the grain complex last week according to Darren Frye, Water Street Solutions. Weather was also a factor.

Brad Kooima with Kooima Kooima Varilek says the cattle futures opened lower on Monday on follow through selling after the bearish reversals scored on Friday. Corn and soybeans fall with rains over the weekend in the Corn Belt.

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Jerry Gulke, president of the Gulke Group, says corn made a bullish weekly reversal and that technical action could signal a bottom in the market.

Don Roose, U.S. Commodities, says grain markets rallied Friday and were higher for the week. The markets saw technical buying and short covering as traders were adding weather premium in the corn market, and to some degree to soybeans. But is weather enough to bottom the market?

House Ag Committee Ranking Member Rep. Angie Craig (D-Minn.) has voiced sharp doubts that enough Democrats will support the Farm Bill 2.0 this fall.

Scott Varilek of Kooima Kooima Varilek says cattle futures saw some routine profit taking Thursday and early Friday despite some strong cash trade but the market feels heavy. Grains are rallying on weather or is it technical?

China is threatening to derail a $23 billion deal that would hand over control of more than 40 global ports.

Naomi Blohm with Total Farm Marketing says corn took a break after a three-day rally running into chart resistance in the December contract around $4.25.