Soybean Futures higher in early trading

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Soybean futures are trading a bit higher early Monday morning. March Soybeans are up 7 cents at 1014 1/2 and November Soybeans are trading up 6 cents at 999 3/4. Last week export sales for soybeans came in at 611,000 metric tonnes versus 550,000-750,000 tonnes expected. Soymeal sales were 157,900 metric tonnes a bit better than expected. In early U.S trading Monday Soymeal is slightly higher trading at 343.3. Good weather in South America and expectations for expanding US and world ending stocks this year and next continues to be the chatter. Market talk persists about record ending stocks for the 2015/16 season if U.S. planting area increases. Soybean Oil is trading higher at 32.23 up 0.14, just under a half of one percent.

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