Soybeans Little Changed

Soybean futures are trading steady to a little lower Friday morning. August Soybeans are trading at 1006 1/4, down 3 3/4 cents and November Soybeans are trading at 977 1/2, down 2 3/4 cents. August Soymeal is trading at 357.6, down 1.4 and December Soymeal is trading at 335.3, down 0.8. August Soybean Oil is trading at 31.18, down 0.01 and December Soybean Oil is trading at 31.57, down 0.02.

On Thursday the USDA reported that weekly soybean exports were 322,600 tons. New crop sales are down 52 percent from a year ago. Soymeal export sales were 33,700 tons. New crop sales inside the data showed 32,100 were cancelled. Soybean Oil sales were 18,100 tons. Market chatter about weather continues to keep both buyers and sellers active.