Soybean Futures Higher

January Soybeans are trading at 1023 1/2, up 3 1/4 cents/bushel. January Soymeal is trading at 324.0, up 2.1 $/ton. January Soybean Oil is trading at 34.97, up 0.04 cents/lb. Soybean futures are trading a little higher after Monday's sharp move up. The USDA reported on Monday that soybean export inspections as of November 17th are now 39.3 percent of the agency forecast versus the five year average of 36.3 percent. Chatter about Southern Hemisphere weather and global soybean demand is making the rounds.