The January contract of soybean on the NCDEX fell as investors booked profits after prices hit a two-week high. The most-active January contract of soybean on the NCDEX was down 0.5% from the previous close. Prices had risen in the last four trading days due to lower arrivals in wholesale markets. Losses in futures contracts of soybean on the CBOT further weighed on prices of the oilseed on the NCDEX. The March contract of soybean on the CBOT hit an over three-month low of $9.6250 earlier as concerns over dry weather in Argentina, the third largest producer of soybean, eased after the country’s main farm belt received rainfall during the weekend.