Soybeans little changed

Soybean futures are trading slightly lower Friday morning. July Soybeans are trading at 973 3/4, down 1 1/4 cents. November Soybeans are trading at 949 1/4, down 1 3/4 cents. July Soybean Oil is trading at 32.59, up 0.10. July Soymeal is trading at 313.3, down 1.1. Market chatter about the USDA crop report due out on Tuesday May 12th continues to keep trading choppy and active. Early estimates are for world ending soybean stocks to be near a record highs of 95 million tonnes. Chatter that new crop ending stocks may be higher at 440 million bushels versus 370 million this year is making the rounds. On Thursday the USDA reported that Weekly export sales for soybeans were 689,200 tonnes. Weather is likely to be a factor as the U.S growing season gets under way.