CANBERRA - U.S. soybean futures fell 1% on Monday as the dollar strengthened, although strong Chinese demand limited the losses.
* The most-active soybean futures on the Chicago Board Of Trade were down 1.1% to $13.80-1/4 a bushel by 0131 GMT, having firmed 5% percent on Friday.
* Corn futures fell 1.3% to $6.46-3/4 a bushel, having gained 3.5% in the previous session.
* Wheat futures slid 0.9% to $6.57 a bushel, having closed up 3.7% on Friday.
* Chinese state-owned importers bought at least eight cargo shipments of U.S. soybeans on Friday, the country's largest U.S. soybean purchases in 4-1/2 months, two U.S. traders familiar with the deals said.
* About 41% of Iowa, the nation's top corn producer and No. 2 soybean state, was under severe drought last week, according to the weekly U.S. drought monitor published last week.
* The dollar held near multi-month peaks against other major currencies, after the U.S. Federal Reserve surprised markets last week by signalling it would raise interest rates and end emergency bond-buying sooner than expected.
* Oil prices nudged up, underpinned by strong demand during the summer driving season and a pause in talks to revive the Iran nuclear deal that could indicate a delay in resumption of supplies from the OPEC producer.
(Reporting by Colin Packham; editing by Uttaresh.V) ((firstname.lastname@example.org; +61-2 9321 8161; Reuters Messaging: email@example.com))