Soybean Futures Lower, Bean Oil Higher

March Soybeans are trading at 999 1/4, down 4 3/4 cents, off the lows of the day at 992 3/4. March Soymeal is lower at 331.30, down 2.20. Favorable weather in South America and a record crop harvest is pressuring soybean futures. March Soybean Oil is trading higher at 32.65, up 0.11.