Soybean Futures Little Changed

March Soybeans are trading at 1023 1/2, up 3/4 of a cent/bushel. November Soybeans are trading at 1004, unchanged on the day. March Soymeal is trading at 334.1, down 0.3 $/ton. March Soybean Oil is trading at 33.78, up 0.17 cents/lb.

Soybean futures are trading steady and on both sides of unchanged after Monday's steep decline.

Chatter about Southern Hemisphere weather and demand for U.S. soybeans is making the rounds.

The USDA reported on Monday that soybean export inspections as of January 26th are now 69.5 percent of the USDA forecast versus the 5 year average of 68.3 percent.