Soybean Futures Little Lower

January Soybeans are trading at 980 1/2, down 3 3/4 cents/bushel. December Soymeal is trading at 308.1, down 1.8 $/ton. December Soybean Oil is trading at 33.89, down 0.06 cents/lb. Soybean futures are trading near the session lows. Market chatter about weather for Southern Hemisphere soybean growing areas is making the rounds. The USDA reported on Monday that soybean export inspections for the current marketing year as of November 10th are now 34.2 percent of the agency forecast versus the five year average of 32.3 percent. The weekly soybean harvest report showed 97 percent of the soybean crop was harvested versus 93 percent a week ago and 97 percent a year ago. The ten year average at this time of year is 94 percent.