Soybean prices are down 8 to 9 cents, with 586 deliveries against September beans. Soymeal futures are almost unchanged, while Soy Oil futures are 50 to 63 points lower. USDA reports a sale of 185,000 MT of soybean meal to the Philippines. Weekly Crop Progress data shows 94% of the US soybean crop setting pods.

The NASS Fats & Oils report reveals 204.73 mbu of soybeans crushed in July, falling short of estimates but up from last year. Bean oil stocks are at 1.873 billion lbs on July 31. Sep 25 Soybeans are at $10.17 1/4, down 8 1/2 cents. Jan 26 Soybeans are at $10.51, down 8 1/2 cents.

Read more at Yahoo Finance: Soybean Weakness Continues on Wednesday