CBOT soybean up due to delayed planting in Brazil.

Futures contracts of soybean rose on CBOT due to concerns over delay in planting in Brazil and Argentina. The delay has been caused due to prevailing dry weather in the region. Brazil and Argentina are the world’s second and third largest producers of soybean, respectively, after the US. The most-active January contract of soybean on the CBOT was at $9.92 per bushel, up 0.6% from the previous close.