March soybeans were down 3 1/2 cents late in the overnight session. Palm oil futures in Malaysia were up 0.5% on positive export news, and China soybean futures were down 0.5% on tightening fears. Outside market forces look slightly supportive with weakness in metals clashing with higher energy and equity markets. A weak US dollar and news that China inked deals for 3.07 million tonnes of US soybeans worth near $1.8 billion at the trade delegation meetings in Chicago failed to provide much support overnight. Traders see improving weather and crop conditions in Argentina, and there is continued talk of the market's overbought technical condition. Traders see recent rains in Argentina as beneficial, and after 4-5 days of hot and dry weather there, a cold front in the forecast for next week could bring two days of showers and cooler weather, which traders believe could be very beneficial to crop conditions. Traders remain concerned that China will slow their economy to fight inflation. China plans to continue to offer state reserves at auctions next week but will also be buying soybeans from producers to rebuild state reserves. China plans to offer 300,000 tonnes of soybeans for auction on Tuesday. The corn market saw a strong recovery to close sharply higher on the session yesterday and the late buying in corn helped support a slightly higher close in old crop soybeans. November soybeans managed to recover from early losses to trade moderately higher on the day and to post a new high for the move. Traders see the need for November soybeans to move higher now in an effort to entice producers to shift to plant more soybeans. Cash markets are steady as recent weakness in futures has slowed producer selling. Traders expect soybean weekly export sales, for release before the opening, to come in around 600,000 tonnes, meal sales around 95,000 tonnes and oil sales near 60,000 tonnes. Old crop oil sales need to average just 6,600 tonnes each week to reach the USDA projection for the year. Argentine truck drivers and port workers near the main grain terminal at Rosario plan to go on strike next Wednesday to protest pay. This could disrupt to flow of oil and meal on the world market.