Soybeans Face a Wednesday Correction Ahead of the US/China Meeting

Soybean futures closed Wednesday fractionally to 7.5 cents higher across most contracts, while the cmdtyView national average cash soybean price fell 7 cents to $12.59 3/4. Soymeal futures were mixed: the front-month October contract rose $1.40, while other maturities were unchanged to down $2. The divergent futures and cash-price moves indicate limited near-term directional conviction.