Soybeans trade lower on large global supply

January Soybeans are trading at 858 3/4, down 4 1/4 cents/bushel. March Soybeans are trading at 859 1/2, down 4 1/2 cents/bushel. December Soymeal is trading at 290.8, down 0.6 $/ton. December Soybean Oil is trading at 27.21, down 0.23 cents/lb. Market talk about good Southern Hemisphere growing weather is making the rounds. Large global supplies have kept sellers active on rallies. USDA Weekly Export sales are due out later this morning.