Soybeans Little Higher

Market chatter regarding Southern Hemisphere production and political issues continue. Brazil's truckers strike is a political issue as well as an economic stress point for Brazil. Elsewhere, the Argentina government estimates soybean production will be 58 million tons. The estimate is 2 million tons above the USDA forecast. Soybeans are trading higher. May Soybeans are trading at 1033 3/4, up 2 cents. Soybean Oil has extended Friday's gains and is trading at 33.34, up 0.38. Soybean Meal is trading a little lower at 337.8, down 1.2.