Soybean Futures Trading Higher

January Soybeans are trading at 1049 1/4, up 5 3/4 cents /bushel. January Soymeal is trading at 320.6, up 1.1 $/ton. January Soybean Oil is trading at 38.12, up 0.45 cents/lb. Soybean futures are trading near the session highs. Market talk about weather forecasts for soybean growing areas in the Southern Hemisphere is making rounds. The USDA reported on Monday that soybean export inspections for the current marketing year as of December 1st are now 46.7 percent of the agency forecast versus the five year average of 43.5 percent.