Soybean Futures Little Changed

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November Soybeans are trading at 1016, up 1 3/4 cents/bushel. January Soybeans are trading at 1026 1/2, up 1 1/2 cents/bushel. December Soymeal is trading at 326.5, down 1.1 $/ton. December Soybean Oil is trading at 35.41, up 0.30 cents/lb. Soybean futures are trading steady after Thursday's choppy and higher trading session. The USDA reported on Thursday that soybean export sales for 2016 to 2017 as of October 20th are now 61.3 percent of the agency forecast versus the five year average of 60.1 percent. Soymeal sales for the current year are 31.3 percent of the agency forecast versus the five year average of 38.3 percent. Soybean oil sales for the current year are now 29.5 percent of the forecast versus the five year average of 21.3 percent.
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