Soybean Futures Trading Higher

March Soybeans are trading at 1029 1/2, up 3 1/4 cents/bushel. November Soybeans are trading at 1016 1/4, up 1 3/4 cents/bushel. March Soymeal is trading at 337.8, up 0.4 $/ton. March Soybean Oil is trading at 32.96 up 0.29 cents/lb. Soybean futures are trading near the session highs. The USDA reported on Tuesday that soybean export inspections as of February 16th are now 76.5 percent of the agency forecast versus the five year average of 76.8 percent.