By Andrew Johnson Jr
    Of DOW JONES NEWSWIRES
 
 
   CHICAGO (Dow Jones)--Chicago Board of Trade soybean futures ended mostly
 lower Tuesday, aside from the July future that climbed on bullish old crop
 supply and demand fundamentals.
 
   CBOT July soybeans settled 11 1/4 cents higher at $12.26 1/4 and November
 soybeans finished 2 1/2 cents lower at $9.81. In pit trades, speculative fund
 selling was estimated at 3,000 lots in soybeans and 2,000 lots in soyoil.
 
   July soy meal settled $0.90 higher at $412.30 per short ton, and December
 soymeal ended $1.90 higher at $306.30. December soyoil finished 70 points lower
 at 35.90 cents per pound.
 
   Tight old crop fundamentals supported the front end of the market, with bull
 spreads widening to new highs. The July future divorced itself from the rest of
 the market on the tight stocks, able to ignore bearish outside market
 influences, a cash connected CBOT broker said.
 
   The July/August spread settled at a $1.07 cent inverse Tuesday, and the
 July/November spread settled at a $2.45 1/4 cent inverse.
 
   The announcement of a new 113,000 metric ton sale of U.S. soybeans to China
 for delivery in the 2008-09 marketing year, kick-started the bounce in the July
 futures after a lower start, traders said
 
   Spillover pressure from limit-down corn futures, declines in wheat and
 weakness in crude oil and equities weighed on the rest of the market. A
 lower-than-expected acreage estimate provided light support, but the figure was
 still record large, limiting its impact on prices, said John Kleist,
 broker/analyst with Allendale Inc.
 
   However, midday weather models showing the potential for a heat dome to move
 into the central U.S. next week provided support to briefly support prices,
 said Dan Basse, president AgResouce Co.
 
   T-Storm Weather LLC said the latest GFS weather model keeps hot weather in
 the central U.S. beyond late next week - a "heat dome" centered near Kansas,
 western Missouri, southwest Iowa, southeast Nebraska, and Oklahoma around July
 10-11.
 
   U.S. 2009 soybean planted area of 77.5 million acres is a record high and a
 2% gain over 2008, the U.S. Department of Agriculture said in its annual
 acreage report. The USDA estimates harvested area at 76.5 million acres, up 3%
 from 2008. If realized, this would be the largest harvested acreage ever for
 soy.
 
 SOY PRODUCTS
 
 
   Soy product futures ended mixed, with soymeal gaining product share on
 spreads amid tight availability of high protein meal supplies and strength in
 soybeans. Soymeal bull spreads widened to new highs in step with soybeans.
 
   Soyoil futures stumbled, succumbing to meal/oil spreading, spillover weakness
 from crude oil futures, abundant stocks and heavy deliveries posted against the
 July future, John Kleist said.
 
   July oil share slipped to 29.67%, while the July soybean crush ended at 83
 3/4 cents.