Soybean Futures Lower

September Soybeans are trading at 1030, down 4 1/4 cents/bushel. November Soybeans are trading at 1006 1/4, down 7 1/4 cents/bushel. December Soymeal is trading at 327.6, down 0.9 $/ton. December Soybean Oil is trading at 34.09, down 0.23 cents/lb. Soybean futures are trading lower and rangebound. Market chatter about yields for the U.S. soybean crop is making the rounds. China's soybean imports during July totaled 7.757 million tonnes, down 18.3 percent. China's imports for the year are now 46.32 million tonnes, up 3.8 percent from a year ago. Market talk that Malaysia is going to delay plans to push biodiesel use to 10 percent on transportation fuel is making the rounds.