Soybeans Little Changed

Soybean futures are trading steady to a little higher Friday morning. August Soybeans are trading at 991 1/2, up 4 3/4 cents and November Soybeans are trading at 979, up 1 1/4 cents. August Soymeal is at 332.9, up 2.4 and August Soybean Oil is trading at 33.43, down 0.02. Market chatter about too much rain in parts of Iowa and declining crop conditions in the eastern corn-belt continues to keep trading active. On Thursday, the USDA reported that weekly soybean exports were 321,300 tons. Soymeal exports were 316,800 tons and Soybean Oil sales came in at 14,000 tons. Market talk about wide trading ranges and the USDA report is making the rounds.