USDA Soybean Crop Report; Soybean Futures Little Lower

The USDA World Agricultural Supply and Demand Estimates Report (WASDE) was just released. The USDA estimates for U.S. soybean production is 4.060 billion bushels versus 3.880 billion bushels in July. The soybean yield is now 48.9 bushels/acre versus 46.7 bushels per acre on the previous report. September Soybeans are trading at 998 3/4 down 3 cents/bushel. November Soybeans are trading at 979, down 5 cents/bushel. December Soymeal is trading at 326.7, down 3.2 $/ton. September Soybean Oil is trading at 32.06, up 0.27 cents/lb.