 Soybeans were lower on speculative and technical selling. Near-term development weather looks mostly favorable, but there is a chance of hotter, drier conditions in some areas. China did buy 132,000 tons of new crop U.S. soybeans Wednesday morning, Beijing's first outright purchase of new crop. August beans were down 18 and 11.13 and a quarter. September was 13 and three quarters lower at 10.63 and three quarters. August bean meal was down 6.10 at 3.39.20. August soybean oil was 61 points lower at 46.34.