CBOT soybean up 1% as condition of US crop worsens.

Futures contracts of soybean staged a rebound on the CBOT and traded nearly 1% higher on reports of the crop condition worsening in the US. Prices have risen as the USDA recently said around 43% of the sown soybean crop was in poor condition due to dry weather. The August soybean contract on CBOT traded at $10.0550 per bushel, up 0.8% from the previous close.