Soybean Futures Little Changed

May Soybeans are trading 1023 3/4, down 1 1/2 cents/bushel. November Soybeans are trading at 1012 1/2 , down 1 cent/bushel. May Soymeal is trading at 330.3, down 1.0 $/ton. May Soybean Oil is trading at 33.89, up 0.16 cents/lb.

Soybeans futures are trading just above the session lows. Market chatter about Southern Hemisphere soybean supplies is making the rounds.

The U.S. Department of Agriculture (USDA) World Agricultural Supply and Demand Estimates Report (WASDE) and crop production data is scheduled for release Thursday at 12:00 p.m. ET.