Soybean Futures Gains Erode

January Soybeans are trading at 1050, up 6 1/2 cents /bushel. January Soymeal is trading at 323.2, up 3.7 $/ton. January Soybean Oil is trading at 37.76, up 0.09 cents/lb. Soybean futures are choppy and some of the early session gains have eroded. Market talk about Southern Hemisphere weather and global soybean demand has kept buyers and sellers active. Chatter about the upcoming USDA supply demand report and global currency values is starting to show up. The USDA World Agricultural Supply and Demand Estimates Report (WASDE) is due out Friday at 12:00 p.m. ET.