Soybeans, Soymeal Lower

Soybeans are trading lower Thursday. May Soybeans are trading at 958 1/2, down 13 cents. May Soybean Oil is trading at 30.91, down 0.04. May Soymeal is trading at 313.9, down 6.0.

Trading is range-bound and choppy after the USDA Report. Soymeal has extended losses and is trading weak with general selling occurring. Some chatter about buyers near 310.0 is making the rounds.