Soybeans Lower

March Soybeans are trading at 983 1/2, down 3 cents. May Soybeans are trading at 990, down 3 cents. March Soymeal is trading at 340.1, down 0.5. March Soybean Oil is little changed at 30.76, down 0.04. Chatter about Brazil's crop is making the rounds. The USDA representative raised the estimate for Argentine soybean production to a record high of 57 million tons versus 55 million. Market talk that other grain houses followed suit and left Brazil's crop unchanged. Chatter about wide ranges and choppy action is on the table.
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