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. 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 lowered ...

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