Soybeans little lower

On Monday the USDA reported weekly export inspections at 655,720 tonnes. Market talk about large global supplies and positioning ahead of today's USDA report has led to some early weakness. Chatter about Chinese easier monetary policy was supportive on Monday and that has eroded somewhat. Market chatter is to expect wide trading ranges in and around the USDA report. Soybean futures are trading a little lower Tuesday morning. May Soybeans are trading at 964 1/4 down 3 1/2 cents. May Soybean Oil is trading at 30.37, down 0.12. May Soymeal is trading at 322.1, down 1.1.