Soybean Futures Trading Higher

January Soybeans are trading at 1038, up 10 1/2 cents /bushel. January Soymeal is trading at 316.1, up 3.6 $/ton. January Soybean Oil is trading at 37.89, up 0.17 cents/lb. Soybean futures are trading near the session highs. Market chatter about Southern Hemisphere weather and global soybean demand is making the rounds. The USDA World Agricultural Supply and Demand Estimates Report (WASDE) is scheduled for release Friday December 9th at 12:00 p.m. ET. The USDA weekly soybean export inspection report is due out later today.