Soybean futures fluctuated on Wednesday morning, closing Tuesday’s session with a slight uptick. Cash bean prices rose to $9.77 1/4, while soymeal futures saw gains. Soy oil futures, however, experienced a decrease.

A Chinese trade official is set to meet with US trade representatives in Washington this week, as reported by the Wall Street Journal.

Crop Progress data from NASS indicates a 1% increase in condition ratings to 69% gd/ex. Some states like IL and IA saw drops, while others like NE and OH experienced improvements. Eastern regions are expecting dry weather.

ANEC estimates Brazilian soybean exports for August at 8.9 MMT, a slight decrease from previous projections.

Soybean prices fluctuated, with Sep 25 soybeans closing at $10.28 3/4 and Nov 25 soybeans closing at $10.49 1/2. Cash prices also saw increases for nearby and new crop.

Read more at Yahoo Finance: Soybeans Mixed in Early Wednesday Action