Soybeans Close with Weakness on Wednesday

Soybeans posted Wednesday losses of 3 to 4 ½ cents at the close. The cmdtyView national average Cash Bean price was 5 cents lower at $9.87 1/4. Soymeal futures were $4.10 to $5.20 lower, with Soy Oil futures steady to 16 points higher. USDA reported a couple private export sales of 198,000 MT of soybean to China and 125,000 MT to unknown destinations this morning. More News from Barchart Another delayed update to the backlogged CFTC reports showed managed money adding just  1,137 contracts to their ne ...