Soybeans futures are currently 24 to 34 cents lower at midday. - TopicsExpress

Soybeans futures are currently 24 to 34 cents lower at midday. The Oct 13 Meal contract is also lower, posting a double digit loss of $13.10.&n bsp; Rains over the weekend in parts of Iowa and Minnesota have provided the trade with a bearish influence to start the week. USDA is expected to show another drop of 1-2% in the amount of the US soybean acreage still in good/ex condition. Weekly soybean export inspections came in at 2.972 mbu vs. 2.519 mbu the previous week. Current market year to date figures are now at 4.818 mbu vs. 22.644 mbu from the previous year. The DTN National Soybean Index was down 25 cents from the previous day at $13.89.

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