Soybeans Little Changed

Soybean futures are trading steady to a little higher Friday morning after Thursday's sharp move up. August Soybeans are trading at 1028 3/4, up 2 1/2 cents and November Soybeans are trading at 1017 3/4, up 2 cents. August Soymeal is trading at 357.1 up 2.0 and August Soybean Oil is trading at 32.53, up 0.16. Market chatter about weather is non-stop. On Thursday the USDA reported that weekly soybean export sales were 242,500 tons. Soymeal export sales were 212,700 tons. Soybean Oil sales were 1,400 tons. The USDA is scheduled to release its monthly crop production report at 12:00 p.m. ET.