Soybeans Little changed

Soybean futures are trading a little higher Friday. Thursday the USDA reported Weekly soybean export sales were 347,000. China cancelled 37,300 tonnes Soybean meal sales were 217,000 tonnes. Soybean oil sales were 8,100 tonnes. Market talk that Argentina's soybean crop will be higher than current USDA estimates of 56 million tonnes was making the rounds late yesterday and led to some selling. There had been some damaging floods in the region. The Argentina government estimated the crop at a record of 57 million tonnes. Some estimates are now calling the crop to be even larger at 58 million. Market chatter is making the rounds that many traders had previously taken for granted that the crop would and far less. May Soybeans are trading at 963 1/4 , 1 1/2 cents. May Soybean Oil is trading at 30.47, down 0.15. May Soymeal is trading at 320.9, up 1.6