Soybeans Little Higher

Soybean futures are trading a little higher Tuesday morning. August Soybeans are trading at 1013 3/4, up 6 cents and November Soybeans are trading at 1005 1/5, up 5 3/4 cents. August Soymeal is trading at 358.7, up 2.7 and December Soymeal is trading at 345.4, up 2.7. August Soybean Oil is trading at 3201, up 0.33 and December Soybean Oil is trading at 32.41, up 0.35.

On Monday the USDA reported that weekly soybean export inspections were 306,379 tons. Market chatter about crop conditions and growing weather for U.S. crops is making the rounds. Market talk that Southern Hemisphere countries are still making soybean sales for delivery into November has led to some selling on rallies.