Futures contracts of soybean on NCDEX rose around 2% due to concerns over fall in Argentina’s output due to persistent dry weather in the country. The most active March contract on the CBOT was at $10.0125 a bushel, up 1.9% from the previous close. US Department of Agriculture, in its February report, lowered its production estimate of soybean in Argentina to 54 mln tn, down 2 mln tn from its previous forecast. Weakness in dollar index is also seen supporting prices of soybean in the global market.