CROPS RISE: Corn for December delivery rose nearly 2 percent, to settle at $6.455 per bushel. December soybeans rose nearly 2 percent, to $12.0025 a bushel. December wheat rose nearly 3 percent to finish at $6.3275 per bushel.
BARGAIN PRICES: Crop prices fell sharply last week after the USDA predicted that corn surpluses in 2012 would not fall as sharply as expected. Livestock and ethanol producers rushed to get cheap supplies because expensive grain prices hurt their profit margins this summer. On September 2, corn cost $7.60 a bushel.
OIL NEAR $100: Benchmark crude oil rose $1.23 to end at $99.37 per barrel.