CBOT soybean down on profit booking post 6-wk high

The March contract of soybean on CBOT fell as investors booked profits after prices hit an over six-week high of $9.8875 per bushel. The most-active March contract of soybean on the Chicago bourse was at $9.8475 per bushel, down 0.2% from the previous close. Prices of soybean on CBOT rose for the last eight trading days due to concerns over prevailing dry weather in Argentina.