CBOT soybean up as USDA might cut crop yield view

Futures contracts of soybean on CBOT extended gains for the third consecutive day due to concerns that the USDA. The prices on CBOT also rose due to concerns over slow pace of planting in Brazil, the second-largest producer, following heavy rains in central and southern areas and dry conditions in Mato Grosso, the top soybean-growing state. The most-active January contract of soybean on CBOT was at $9.9750 per bushel, up 0.2% from the previous close.