By Andrew Johnson Jr
 Of DOW JONES NEWSWIRES
 
 
   CHICAGO (Dow Jones) - Chicago Board of Trade soybean futures ended lower
 Tuesday, backpedaling on speculative sales associated with a firm U.S. dollar
 and ideas prior gains were overdone.
 
   September soybeans settled 1 3/4 cents lower at $13.37 1/2 and November
 soybeans ended 2 1/2 cents lower at $13.44 1/2.
 
   December soymeal settled $1.40 lower at $367.20 per short ton. December
 soyoil finished 65 points lower at 54.60 cents per pound.
 
   The market lacked fresh stimulus to continue Monday's upward theme and
 traders began to take profits on ideas dry weather conditions were factored
 into the market and a firm U.S. dollar could temper export demand, analysts
 said.
 
   However, futures retraced most of their losses over the course of the day,
 rebounding on a bounce in crude oil futures and the market's reluctance to give
 up weather premium, said John Kleist, broker/analyst with Allendale Inc.
 
   "We are still in a weather market, and as a long as there is one last chance
 to destruct the crop, losses will remain limited," Kleist added.
 
   Otherwise, futures consolidated within a recent wide range, with crop
 uncertainties and threat of yield losses if normal or an early frost occurs
 kept a floor beneath the market, while demand rationing and outside influences
 provide near-term overhead resistance, analysts added
 
   Meanwhile, DTN Meteorlogix weather forecast said dry conditions in the
 Midwest are stressful for filling soybeans, but the western Midwest will
 probably see up to a half-inch of rain Wednesday and Thursday. It will turn
 dryer again after that, but southern Wisconsin and northern Illinois will get
 some showers Thursday or Thursday night.
 
   The eastern Midwest, mostly Ohio, may benefit from rain coming north from the
 remnants of Tropical Storm Fay. Temperatures in the central U.S. have been
 cool, but the next 10 days will be warmer. Filling soybeans need rain in that
 10-day time frame, Meteorlogix added.
 
   In pit trades, speculative fund selling was estimated at 3,000 contracts.
 
 SOY PRODUCTS
 
 
   Soy product futures ended mixed, with soymeal rebounding from earlier losses
 and gaining product share on spreads. Soyoil futures ended lower, succumbing to
 the weakness in soybeans, with overnight declines in Asian vegoil markets
 aiding the lower theme, traders said. However, a recovery in crude oil prices
 supplied enough support to limit downside pressure, traders added.
 
   December oil share ended at 42.64% and the November/December crush ended at
 65 1/2 cents.
 
   Speculative fund selling was estimated at 2,000 lots in soyoil.