Soybean Futures Little Changed

March Soybeans are trading at 997 1/4, up 2 1/4 cents/bushel. March Soymeal is trading at 312.6,up 0.5 $/ton. March Soybean Oil is trading at 34.89, up 0.08 cents/lb.

Soybean futures are trading steady to higher with a narrow overnight range. Chatter about Southern Hemisphere weather and soybean production is making the rounds.

The USDA reported on Tuesday that soybean export inspections for the current marketing year are now 59.1 percent of the USDA forecast versus the five year average of 55.8 percent.