Soybeans Sharply Higher

Soybean futures traded sharply higher on Friday. Market chatter about weather and positioning ahead of the USDA production and supply/demand report next week kept both buyers and sellers active. September Soybeans settled at 975 1/2, up 19 1/2 cents and November Soybeans settled at 963 1.4, up 20 cents. December Soymeal settled at 332.7, up 6.4 and December Soybean Oil settled at 30.46, up 0.39.