November Soybeans are trading at 960 1/2, up 2 cents/bushel. January Soybeans are trading at 965 3/4, up 1 cent/bushel. December Soymeal is trading at 304.3, up 1.2 $/ton. December Soybean Oil is trading at 33.18, down 0.12 cents/lb.
Soybean futures are trading rangebound early Friday morning. Chatter about the U.S. soybean harvest and global soybean demand is making the rounds.
The USDA reported on Thursday that soybean export sales for current marketing year as of September 29th are now 52.4 percent of the agency forecast versus the five year average of 54.2 percent. Soymeal sales for the current year are 20.7 percent of the agency forecast versus the five year average of 28.5 percent.
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