Soybean Futures Trading Lower

January Soybeans are trading at 1043, down 6 cents /bushel. January Soymeal is trading at 319.0, down 1.5 $/ton. January Soybean Oil is trading at 37.59, down 0.34 cents/lb. Soybean futures are trading at the session lows. Market talk about Southern Hemisphere weather and the upcoming USDA supply demand report is making the rounds. The USDA World Agricultural Supply and Demand Estimates Report (WASDE) is scheduled for release Friday at 12:00 p.m. ET. The USDA weekly export report for soybeans is due out at 8:30 a.m. ET.