By Andrew Johnson Jr.
 
   Of DOW JONES NEWSWIRES
 
 
   CHICAGO (Dow Jones)--Chicago Board of Trade soybean futures stumbled Monday,
 continuing their correction from prior gains, as improved U.S. Midwest weather,
 demand uncertainties and end-of-month position evening trimmed premium from
 prices, analysts said.
 
   July soybeans settled 17 1/2 cents lower at $15.15 per bushel and November
 soybeans ended 6 1/2 cents lower at $15.02 1/2. July soymeal settled $7.70
 lower at $404.00 per short ton. December soyoil finished 63 points lower at
 65.02 cents per pound.
 
   Weather served as the catalyst to extend the recent downturn in prices, and
 aggressive weekend planting and replanting as well as outlooks for improved
 weekly crop ratings took some edge off prices, analysts added.
 
   After rallying on fears of lost acreage due to Midwest floods, the market is
 staging a correction amid ideas weather has turned for the better. Traders
 speculate that conditions in the Midwest haven't gotten any worse, and with
 opportunities for late soybean planting, traders are trimming length from the
 market, a CBOT floor broker said.
 
   The market lacked any fresh bullish news to excite buyers, and traders were
 concerned that the suspension of the Argentine farmers' strike will lead to
 reduced U.S. export demand, he added.
 
   Meanwhile, strength in the U.S. dollar uncovered speculative liquidation as
 well, with traders booking some end-of-month and quarterly profits, analysts
 said.
 
   The DTN Meteorlogix Weather forecast said the first full week of Northern
 Hemisphere summer brings a reprieve for the saturated, flooded areas of the
 Midwest corn belt. Most of the central U.S. is seen dry through Wednesday,
 allowing for more drying of flooded acreage. Temperatures will be mild, giving
 established crops a chance at better growing conditions as well.
 
   The U.S. Department of Agriculture is scheduled to release its weekly crop
 progress report at 4 p.m. EDT Monday. Analysts anticipate soybeans plantings
 between 90% and 95% complete. Conditions ratings are seen in a range of
 unchanged to up three percentage points from the previous week.
 
   In pit trades, buyers and sellers were scattered among various commission
 houses, with speculative fund selling estimated at 2,000 lots.
 
 SOY PRODUCTS
 
 
   Soy product futures ended lower, retreating in unison with soybeans. The
 markets are in correction mode, backpedaling on profit-taking pressure. Soymeal
 moved in step with declines in soybeans, with concerns about declining export
 demand as Argentina moves closer to opening lines of transportation after the
 suspension of a farmers'  strike attracted selling, analysts said.
 
   Soyoil futures were weighed on by speculative selling as well, and declines
 were limited by spillover support from higher crude oil futures and meal/oil
 spread unwinding, analysts added.
 
   July oil share ended at 43.92% and the July crush ended at 69 3/4 cents.
 
   In soymeal trades, buyers and sellers were scattered among various commission
 houses, with speculative fund selling estimated at 3,000 lots.
 
   In soyoil trades, buyers and sellers were scattered among various commission
 houses, with speculative fund selling estimated at 1,000 lots.