Soybean Futures Trading Lower

March Soybeans are trading at 1053, down 6 cents/bushel. November Soybeans are trading at 1024 1/4, down 5 3/4 cents/bushel. March Soymeal is trading at 341.3, down 0.8 $/ton. March Soybean Oil is trading at 34.35, down 0.26 cents/lb.

Soybean futures are trading just above the session lows. Market chatter about global demand for U.S. soybeans and the planting season ahead in the U.S. is making the rounds.

China's January soybean imports were near 7.66 million tonnes, up 35 percent from a year ago.

The USDA weekly soybean export inspection report is due out later today.