Soybeans rise on dry weather in Argentina

U.S. Chicago soybean futures rose for a third consecutive session, with the market trading near its highest in almost two weeks on concerns over dry weather in Argentina. The most-active soybean contract on the Chicago Board of Trade gained 0.3 percent to $9.73-3/4 a bushel. Soybeans drew support as a dry weather pattern lingered in Argentina, reducing yield potential in the No.3 global soy supplier behind the United States and Brazil. Rainfall over the weekend in much of Argentina’s main soy and corn areas improve soil moisture, analysts said, though fields in some parts of the country could remain dry.