Soybean Futures Trading Lower

January Soybeans are trading at 1033 3/4, down 3 3/4 cents /bushel. January Soymeal is trading at 315.9, down 2.9 $/ton. January Soybean Oil is trading at 37.09, up 0.15 cents/lb. The USDA World Agricultural Supply and Demand Estimates Report (WASD) was released Friday. The USDA report showed U.S. soybean yield at 52.5 bushels per acre versus 52.5 bushels per acre on agency's previous report. The USDA placed soybean ending stocks 480 million bushels versus 480 million bushels a month ago. Global ending stocks were 82.9 million bushels versus 81.5 million tonnes a month ago. The agency estimate of Brazil's soybean crop production is 102.0 million tonnes versus last month's estimate of 102.0 million tonnes. Argentina's soybean crop was estimated at 57.0 versus 57.0 million tonnes a month ago.
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