Soybeans prices are down 3 to 4 ½ cents, with futures closing 2 to 7 cents lower on Tuesday. Open interest dropped by 6,135 contracts, mostly in August. Cash bean price is at $9.56 1/2. Soymeal futures are down $2.30 to $3.20, while Soy Oil saw gains of 51 to 99 points.

US and China agree to push back tariff deadline by 90 days in efforts to ease trade tensions, pending President Trump’s approval. Meeting held in Sweden to discuss trade situation.

Brazil’s soybean exports for July estimated at 12.05 MMT by ANCE, slightly lower than previous estimate but higher than last year’s 11.25 MMT.

Soybean prices closed at $9.81 3/4 on August 25, down 7 cents. Nearby Cash was $9.47 1/4, down 7 3/4 cents. Sep 25 Soybeans closed at $9.89 1/2, down 3 cents.

Nov 25 Soybeans closed at $10.09 1/2, down 2 cents. New Crop Cash was $9.56 1/2, down 2 1/4 cents.

Read more at Yahoo Finance: Soybeans Starting Wednesday with Weakness