CBOT
November soybeans touched the lowest level since July 17 and were last down
13-1/4 cents at $12.06-3/4 per bushel. The U.S. Department of Agriculture on
Monday (27 July) lowered its good-to-excellent rating for the crop below the
average analyst estimate.
Strong
export demand for U.S. soybeans limited losses in the market. Oilseed processor
Bunge Global (NYSE:BG) raised its full-year profit forecast due to strong
processing margins for soybeans and solid demand.