By Andrew Johnson Jr.
 
   Of DOW JONES NEWSWIRES
 
 
   CHICAGO (Dow Jones)--Chicago Board of Trade soybean futures ended lower
 Tuesday, retreating from prior gains on the bearish influences of outside
 inflationary markets, analysts said.
 
   July soybeans settled 20 1/4 cents lower at $13.47 3/4 and November soybeans
 ended 12 1/4 cents lower at $13.41 1/4. July soymeal settled $1.60 lower at
 $335.00 per short ton. July soyoil finished 136 points lower at 62.20 cents per
 pound.
 
   A slide in crude oil and metal futures in conjunction with a firmer U.S.
 dollar set the stage for a profit-taking setback, analysts added.
 
   The movement of outside markets was negative for soybeans, with fear that the
 market could experience end-of-month profit-taking amid general weakness across
 commodities Tuesday serving as a dominant influence on prices, said Tim
 Hannagan, analyst with Alaron Trading in Chicago.
 
   The hard nose approach by the Argentine government in its dispute with farm
 groups provided underlying support, but the impact was muted by ideas the news
 was factored into prices overnight, and the strong influence of crude oil
 futures on soybeans and soyoil, traders said.
 
   The Argentine government canceled renewed negotiations slated for Monday
 night with Argentine farm leaders upset with grain export taxes, Interior
 Minister Alberto Fernandez said.
 
   Meanwhile, some private weather forecasts pointing to warmer and drier
 Midwest conditions at the end of the week into next week favoring rapid
 planting and emergence, provided some underlying pressure as well, Hannagan
 added.
 
   The U.S. Department of Agriculture is scheduled to release its weekly crop
 progress report at 4 p.m. EDT. Analysts surveyed by Dow Jones Newswires
 anticipate soybean plantings as of Sunday to fall within a range of 50% to 60%
 complete.
 
   In pit trades, buyers and sellers were scattered among various commission
 houses, with speculative fund selling estimated at 3,000 lots.
 
 
   SOY PRODUCTS
 
 
   Soy product futures backpedaled in unison with soybeans. Soyoil futures were
 the downside leader of the products, succumbing to profit-taking amid spillover
 pressure from crude oil futures, analysts said. The market rallied in step with
 crude oil last week, so its justified for prices to slip back once crude oil
 retreated from last week's advances, analysts added.
 
   Soymeal drifted lower in unison with the rest of the soy complex, but the
 combination of oil/meal spread unwinding and supportive demand outlooks served
 as buffers to limit downside potential, traders said.
 
   July oil share ended at 48.14% and the July crush ended at 73 1/2 cents.
 
   In soymeal trades, buyers and sellers were scattered among various commission
 houses, with speculative fund selling estimated at 2,000 lots.
 
   In soyoil trades, buyers and sellers were scattered among various commission
 houses, with speculative fund selling estimated at 2,000 lots.