Soybeans Little Changed

Soybean futures are trading steady Wednesday morning. May Soybeans are trading at 971 3/4, up 3/4 of a cent. May Soybean Oil is trading at 30.90, down 0.13. May Soymeal is trading at 320.1, up 0.3. Chatter about good production in Southern Hemisphere and increased world supplies led to some selling. On Thursday, the USDA will release its month supply-demand update and market talk is now likely to garner all the attention and keep trading active.