CBOT soybean futures erase all losses, up 0.3%.

Futures contracts of soybean on the CBOT traded higher due to concerns over poor growth of the sown crop amid dry weather in the US. The most active August contract on the CBOT traded at $9.89 per bushel, up 0.3% from the previous close. Futures of the oilseed had declined in the electronic trade because of profit booking by investors, after prices hit a three-month high, and due to a firm dollar against the euro.