“Soybean futures are trading slightly lower as markets continue positioning ahead of this morning’s USDA reports,” Total Farm Marketing said. “July soybeans are down 1/4 cent at $11.08-1/2, while November soybeans are 1-3/4 cents lower at $11.37-1/4. Friday’s CFTC report showed managed money as net sellers across the soybean complex during the week ending June 24. Funds sold 16,139 soybean contracts, trimming their net long position to 36,679 contracts.”