Soybeans Little Higher

Soybean futures are trading a little higher Monday. May Soybeans are trading at 979 1/4, up 5 1/4 cents. May Soybean Oil is trading at 30.85, up 0.17. May Soymeal is trading at 326.1, up 2.1. Chatter about the weak dollar last week has led to some buying. Market talk about weather and the effects on planting is making the rounds. Market chatter about estimates for the end of the month USDA planting and acreage report is making the rounds. Some estimates looking for U.S. soybean planted area to be 87.5 million acres is now common. Chatter that that Argentine soybean producers have stored soybeans as a hedge against inflation is making the rounds.