Soybeans saw losses of 1 to 2 ½ cents on Wednesday, with the national average Cash Bean price at $9.73 1/2. Soymeal futures were $3.40 to $6.20 lower, while Soy Oil futures dropped 11 to 33 points. USDA’s Export Sales report expected to show net reductions of 200,000 MT to sales of 50,000 MT in the week ending August 21.

NOAA’s 7-day QPF forecasts minimal precipitation in the Eastern Corn Belt and light totals in parts of NE, SD, MN, and IA over the next week. Sep 25 Soybeans closed at $10.27 1/4, down 1 1/2 cents, Nearby Cash was $9.73 1/2, down 3 3/4 cents. Nov 25 Soybeans closed at $10.47 1/2, down 2 cents. Jan 26 Soybeans closed at $10.66 3/4, down 2 1/2 cents, New Crop Cash was $9.68 3/4, down 3 1/4 cents.

Read more at Yahoo Finance: Soybeans Slip Lower on Wednesday