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Soybean futures are trading higher Thursday morning. July Soybeans are trading at 984 3/4, up 2 1/4 cents. November Soybeans are trading at 958 1/2, up 2 1/2 cents. July Soybean Oil is trading at 32.84, down 0.08. July Soymeal is trading at 316.0, up 1.8.
USDA Weekly export data due out today is expected to show exports of 500,000 tons. Active market chatter about the USDA crop production report due out on Tuesday, May 12 is just beginning.
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