Soybean prices dropped 9 to 10 cents, with 586 deliveries against September beans. Soymeal futures varied, with a 40 cent increase in September and a $1.40 decrease in other contracts. Soy Oil futures were 69 to 82 points lower. No deliveries were made against September meal, but 385 were issued for September bean oil.

The USDA reported a private export sale of 185,000 MT of soybean meal to the Philippines for 2025/26. Weekly Crop Progress data showed condition ratings down 4% to 65% on the week. The Brugler500 ratings fell 8 points to 366. US soybean yield is estimated at 53.28 bushels per acre, with production totaling 4.268 billion bushels.

Sep 25 Soybeans closed at $10.16, down 9 3/4 cents. Nearby Cash was $9.54 1/4, down 9 3/4 cents. Nov 25 Soybeans closed at $10.31 1/2, down 9 1/2 cents. Jan 26 Soybeans closed at $10.50, down 9 1/2 cents. New Crop Cash was $9.54 1/4, down 9 3/4 cents.

Read more at Yahoo Finance: Soybeans Fall Lower on Wednesday