Soybean Futures Trading Higher

March Soybeans are trading at 1065, up 7 1/4 cents/bushel. March Soymeal is trading at 345.4, up 1.9 $/ton. March Soybean Oil is trading at 35.51, up 0.38 cents/lb. Soybean futures are trading rangebound and just under the session highs. The USDA reported on Monday that Soybean weekly export inspections for the week ending January 19th totaled 1,290,777 tonnes. Soybean export inspections are now 66.6 percent of the agency forecast versus the five year average of 65.2 percent.