Soybeans Mostly Lower

September Soybeans are trading at 944 3/4, down 8 1/2 cents. November Soybeans are trading at 931, down 9 1/4 cents. December Soymeal is trading at 321.0, down 2.9 and December Soybean Oil is trading weak at 29.96, down 0.43.

Trading is expected to remain very choppy. Market chatter about good weather during early August and ample global supplies is making the rounds. On Friday, the USDA reported that 200,000 tons of old crop U.S. soybeans sold to China were canceled. Chatter about this afternoons crop condition update is making the rounds.