November soybean futures on the CBOT closed up nearly 2% on Monday, supported by strong U.S. soybean crush volumes, higher crude oil prices, and concerns over the U.S. average yield outlook. November soybean futures rose 23.50 cents, or 1.97%, to settle at 12.1600 dollars per bushel. December corn futures rose 6.25 cents, or 1.29%, to settle at 4.8950 dollars per bushel. December wheat futures fell 0.25 cent, or 0.04%, to settle at 6.8925 dollars per bushel on profit-taking, although prolonged Black Sea export problems helped limit the downside. Data from the National Oilseed Processors Association showed its members crushed 216.647 million bushels of soybeans in July, up 1.1% from June and up 10.7% from July a year earlier. China has already purchased about 7 million metric tons of U.S. soybeans.
Soybean futures rose nearly 2% on strong crush data and China's purchases of 7 million tons.
Corn futures rose 1.29% on spillover strength from soybeans and higher crude oil prices.
