The January contract of soybean on CBOT rose as investors covered their short positions after prices hit an 11-week low of $9.55 per bushel. Prices fell earlier as concerns over dry weather in Argentina, third largest producer of soybean, eased after the country’s main farm belt received rainfall during the weekend. The most-active January contract of soybean on CBOT was at $9.5775 per bushel, up 0.2% from the previous close.