Soybean Futures Move Down

March Soybeans are trading at 1039, down 10 1/4 cents/bushel. November Soybeans are trading at 1017, down 8 1/4 cents/bushel. March Soymeal is trading at 338.7, down 4.3 $/ton. March Soybean Oil is trading at 34.02, down 0.26 cents/lb.

Soybean futures are trading at the session lows. Brazil's soybean harvest is about 4.3 percent done versus the five year average of 3.1 percent. Chatter about global trade, Southern Hemisphere weather and demand for U.S. soybeans is making the rounds.