Soybeans Little Changed

Soybean futures are little changed Thursday morning. August Soybeans are trading at 1027, up 2 cents and November Soybeans are trading at 1018 3/4, up 2 3/4 cents. August Soymeal is trading at 364.9, up 2.7 and August Soybean Oil is trading at 31.82, up 0.17.

Market chatter about weather and crop conditions is non-stop. Trading is largely rangebound after Wednesday's choppy trading session. On Wednesday the NOPA reported the crush was 142.473 million bushels Soybean oil stocks were 1.574 billion pounds versus 1.578 billion on the previous report and 1.847 billion a year ago. Market talk that Southern Hemisphere soybeans for sale ahead October thru November are coming in less than the U.S. is making the rounds.