Soybeans Higher

The USDA reported that Soybean acreage intentions are 84.635 million acres versus 83.7 million acres last year. March 1 soybean stocks were 1.334 billion bushels versus 994 million last year. On the farm stocks were 609.2 million bushels, up 227.3 million from last year. Market talk about weather and Southern Hemisphere supply are on the table. Soybean futures are trading a little higher Wednesday morning. May Soybeans are trading at 978 1/4, up 5 cents. May Soybean Oil is trading at 30.465, up 0.06. May Soymeal is trading at 328.5, up 1.7.