Soybeans Futures slightly lower in early trading.

January Soybean futures are down 3.0 cents at 1020 ½. Good growing weather in Brazil and spill over selling from general weakness in world markets has pressured soybeans. There is a Chinese trade group in the USA looking to possibly buy some beans, the meeting has been scheduled for a while and the outcome is unknown. March Soymeal Futures are down $1.4 at $ 347.1. The soymeal basis in the US and Argentina was soft yesterday and led to some pressure. March Soybean Oil is unchanged at 31.99.