On Wednesday, CBOT soybean futures closed higher in choppy trading, with the benchmark November contract up 0.21%, settling at 1,321.50 cents per bushel, while soybean meal futures rose 0.41% in tandem. Positive signals emerged on the macroeconomic and trade fronts the market reported that the U.S. and China are negotiating to lower tariff rates on goods including U.S.-produced energy and agricultural products, in preparation for next week's leaders' meeting. The likelihood of the two countries extending the trade truce is increasing, and the outlook for U.S. soybean exports is improving, providing stable support for the board. NOPA reported August soybean crush at 205.456 million bushels, down 5.2% month-on-month and the lowest in 11 months, below analyst expectations, which the market interpreted as a potential tightening signal on the soybean meal supply side.