Soybeans Little Higher

July Soybeans are trading at 960 1/2, up 3 1/2 cents. November Soybeans are trading at 939 3/4, up 2 3/4 cents. July Soybean Oil is trading at 33.35, up 0.01. July Soymeal is trading at 304.0, up 1.8. On Thursday, the USDA reported that weekly export sales for soybeans were 224,600 tons. New crop sales inside the data are down over 45 percent versus last year. Soymeal sales were 67,200 tons. Soybean Oil sales were 7,300 tons. Chatter that some estimates for soybean acreage are moving higher has led to some selling on rallies. Market talk that Argentine soybean production estimates coming out of Argentina are showing production at over 59 million tons versus the 57 million estimated by the USDA this week has been making the rounds. Chatter about weather for the U.S. growing season continues non-stop.