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TUI River Cruises marks major milestone as first purpose-built ship TUI Luzia touches water US Sanctions Indian Logistics Firm, Five Others for Supporting Iran’s Mahan Air Kamarajar Port Achieves 18-Metre Draft, Becomes India’s Second Major Port Capable of Handling Fully Laden Capesize Vessels JNPA honoured with the ‘First Rajbhasha Shield for Excellence’ in Official Language Implementation for FY 2025–26 Maritime Partners adds M/V Lulu Hamilton to fleet Op-Ed: Bolstering U.S. shipbuilding through legislation and digitalization SEACOR Marine is “evaluating potential strategic alternatives” Soybeans drop on forecasts for beneficial Midwest rains in August Houthis weigh toll scheme for Red Sea shipping Maruti Suzuki Emerges Top EV Exporter in Q1, Claims 97% Share of India’s EV Shipments TUI River Cruises marks major milestone as first purpose-built ship TUI Luzia touches water US Sanctions Indian Logistics Firm, Five Others for Supporting Iran’s Mahan Air Kamarajar Port Achieves 18-Metre Draft, Becomes India’s Second Major Port Capable of Handling Fully Laden Capesize Vessels JNPA honoured with the ‘First Rajbhasha Shield for Excellence’ in Official Language Implementation for FY 2025–26 Maritime Partners adds M/V Lulu Hamilton to fleet Op-Ed: Bolstering U.S. shipbuilding through legislation and digitalization SEACOR Marine is “evaluating potential strategic alternatives” Soybeans drop on forecasts for beneficial Midwest rains in August Houthis weigh toll scheme for Red Sea shipping Maruti Suzuki Emerges Top EV Exporter in Q1, Claims 97% Share of India’s EV Shipments
Soybeans drop on forecasts for beneficial Midwest rains in August
CBOT soybeans fell 12 to 14 cents on Wednesday as forecasts predicted beneficial rains in the U.S. Midwest heading into August, the key month for crop development.

Soybeans drop on forecasts for beneficial Midwest rains in August

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. 

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