CBOT soybean futures main contract November closed at 1,297.75 cents/bushel, up 10.00 cents/bushel. CBOT soybean futures prices rebounded from the four-week low touched in the previous trading session and closed higher. Traders said Monday's decline was excessive, prompting bargain-hunting buying to enter before month-end and quarter-end. The market is currently awaiting the quarterly stocks report to be released by the USDA on Wednesday. Industry analysts expect U.S. soybean stocks as of September 1 to be 324 million bushels, slightly below 325 million bushels in the same period last year. USDA data on Monday showed that as of Sunday, the U.S. soybean crop harvest rate was 17%, roughly in line with the five-year average, but recent rainfall has delayed harvest progress in Iowa and Nebraska. Weather forecasts show that rain will continue to disrupt U.S. soybean harvesting operations. Analysts said the rain could cause crops to sprout, thereby bringing the risk of crop damage.