Soybean Futures Trading Lower

January Soybeans are trading at 985 1/4, down 4 1/4 cents/bushel. December Soymeal is trading at 309.6, down 1.9 $/ton. December Soybean Oil is trading at 33.71, up 0.01 cents/lb. Soybean futures are trading a little lower early Friday morning. Market chatter about U.S. soybean supplies, global trade, currency values and South American weather is making the rounds The USDA reported on Thursday that soybean export sales for the current marketing year as of November 10th are now 69 percent of the agency forecast versus the five year average of 67.4 percent. Soymeal sales are 40.2 percent of the forecast versus the five year average of 44.8 percent. Soybean oil sales are 36 percent of the forecast versus the five year average of 28.9 percent.