Soybeans Higher

The USDA report left all of the U.S. soybean data virtually unchanged from the previous report. The USDA estimates ending stocks at 385 million bushels. World ending stocks were 89.53 million tons, a bit higher than last month. Brazil's production was estimated to be 94.4 million tons. Argentina was at 56 million tons. May Soybeans are trading at 993 1/2, up 9 cents. May Soybean Oil is trading at 31.26, up 0.30. May Soymeal is trading at 333.4, up 2.4.