Soybeans little lower

Soybean futures are trading a little lower early Monday morning. August Soybeans are trading at 1029, down 3 cents and November Soybeans are trading at 1019 1/4 , down 3 cents. August Soymeal is trading at 354.9 , down 0.7 and August Soybean Oil is trading at 32.26, down 0.16. Market chatter about weather is non-stop. On Friday the USDA report showed old crop Soybean ending stocks at 255 million bushels versus 330 million bushels on the June report. New crop ending stocks came out at 425 million bushels versus 475 million bushels last month. The USDA increased demand for new crop soybeans by adding 10 million to the crush data. The USDA estimate of average yields was unchanged at 46 bushels per acre. Global ending soybean stocks came in at 91.80 million tonnes versus 93.22 million in June.