Soybeans little higher

Soybean futures are trading a little higher after Tuesday's decline. July Soybeans are trading at 959, up 3 1/2 cents. November Soybeans are trading at 934 , up 3 1/4 cents. July Soybean Oil is trading at 33.04, up 0.07. July Soymeal is trading at 304.5 up 1.1. On Tuesday the USDA reported for the new 2015/16 season, ending stocks are expected to be 500 million bushels. Exports are estimated to be 1.775 billion bushels versus 1.8 billion this year. Some concerns about lower exports has led to some selling on rallies. World ending stocks for the 2015/16 growing season are estimated to be a record high 96.22 million tonnes. To put things in perspective a few years ago during the 2011 / 2012 season world ending stocks were under 54 million tonnes.