Soybean Futures Trading Higher

August Soybeans are trading at 1118, up 15 3/4 cents/bushel. September Soybeans are trading at 1109, up 16 1/4 cents/bushel. November Soybeans are trading at 1103 1/2, up 16 1/2 cents/bushel. August Soymeal is trading at 386, up 7.3 $/ton. August Soybean Oil is trading at 31.14, up 0.33 cents/lb. Soybean futures are trading higher early Wednesday morning. Market chatter about Tuesday's USDA data and weather ahead for the rest of July and during August is constant. The USDA supply and demand report showed old crop ending stocks at 350 million bushels versus 370 million bushels last month. The agency estimate for new crop ending stocks was 290 million bushels. The USDA raised soybean crush demand up by 10 million to 1.925 billion bushels and exports up by 20 million bushels to 1.920 billion bushels.