Soybean Futures Move Down

May Soybeans are trading 1026 1/4, down 11 cents/bushel. November Soybeans are trading at 1013, down 8 3/4 cents/bushel. May Soymeal is trading at 331.0, down 2.7 $/ton. May Soybean Oil is trading at 33.74, down 0.53 cents/lb.

Soybeans futures have moved down and extended the session losses. Market chatter about U.S. weather and Southern Hemisphere soybean supplies is making the rounds.

The U.S. Department of Agriculture (USDA) World Agricultural Supply and Demand Estimates Report (WASDE) and crop production data is scheduled for release Thursday at 12:00 p.m. ET.