Soybeans little changed

Soybean futures are steady to a little higher Wednesday morning after Tuesday's sharp move higher. August Soybeans are trading at 1052 up, 2 1/2 cents and November Soybeans are trading at 1037 1/4 , unchanged on the day. August Soymeal is trading at 355.3 , up 3.4 and August Soybean Oil is trading at 33.50, down 0.15. The USDA report showed a little lower harvested acres and little tighter beginning stocks. Soybean stocks were 625 million bushels. Soybean planted area came in at 85.139 million acres versus 84.635 million in March. The USDA announced a resurvey of Soybean acres in several states due adverse weather and the results will be posted in the August 12th crop production report. Market talk about weather is constant. Chatter about choppy pre-holiday trading is making the rounds.