Soybeans Lower

Soybean futures settled lower on Wednesday after Tuesday's sharp move up. Trading was choppy and range-bound. August Soybeans settled at 1040 3/4, down 8 3/4 cents and November Soybeans settled at 1029 1/2, down 7 3/4 cents. August Soymeal settled at 352.2, up 0.3 and August Soybean Oil settled at 33.13, down 0.52.

Soybean futures and the products will be closing early on Thursday and will be closed on Friday in observance of the Independence Day Holiday.