Soybean Futures Trading Higher

January Soybeans are trading at 993 1/2, up 4 cents/bushel. December Soymeal is trading at 310.2, down 1.3 $/ton. December Soybean Oil is trading at 34.12, up 0.42 cents/lb. Soybean futures are trading near the highs of the session after showing steady to lower trade early in the day. Trading is largely rangebound. Estimates for 2017 U.S. soybean acreage are near 88.6 million acres.