Soybean Futures Little Higher

January Soybeans are trading at 1003, up 5 cents/bushel. December Soymeal is trading at 312.2, up 0.8 $/ton. December Soybean Oil is trading at 35.12, up 0.36 cents/lb. Soybean futures are trading rangebound. Market chatter about global currency values and weather for Southern Hemisphere soybean growing areas is making the rounds. The USDA reported on Thursday that soybean export sales for 2016 to 2017 as of November 3rd are now 67.4 percent of the agency forecast versus the five year average of 65.4 percent. Soymeal sales for the current year are 35.3 percent of the agency forecast versus the five year average of 43.0 percent. Soybean oil sales for the current year are now 33.2 percent of the forecast versus the five year average of 27.1 percent.