Soybean Futures Little Lower

March Soybeans are trading at 1035 3/4, down 4 3/4 cents/bushel. March Soymeal is trading at 326.3, down 1.6 $/ton. March Soybean Oil is trading at 35.92, down 0.15 cents/lb. Thursday's USDA crop report for soybeans showed Dec 1st soybean stocks 2.895 billion bushels. Soybean ending stocks were 420 million bushels versus 480 million bushels a month ago. Soybean production was 4.307 billion bushels and yield was 52.1 bushels per acre versus 52.5 bushels per acre a month ago. The USDA sees Brazil's soybean production at 104.0 million tonnes. Argentina's soybean production at 57.0 million tonnes and global ending stocks at 82.3 million tonnes