Soybeans Little Changed

Soybean futures are trading steady early Wednesday morning. Trading has been mostly choppy and on both sides of unchanged. August Soybeans are trading at 1018 1/2, down 1/4 if a cent and November Soybeans are trading at 1003 3/4, down 1 cent. August Soymeal is trading at 361.1, up 1.0 and December Soymeal is trading at 345.6, up 0.8. August Soybean Oil is trading at 3195, up 0.02 and December Soybean Oil is trading at 32.37, up 0.02. Market chatter about slow selling by producers has been making rounds. The basis firmed a bit on Tuesday. Exporters reported a sale of 110,000 tons of U.S. soybeans to an unknown destination. Chatter about weather and yields is ongoing.