Soybean Futures Little Changed

March Soybeans are trading at 1036, down 1 1/4 cents/bushel. November Soybeans are trading at 1015 , down 3 1/2 cents/bushel. March Soymeal is trading at 333.4, down 0.4 $/ton. March Soybean Oil is trading at 34.55, down 0.04 cents/lb.

Soybean futures are trading rangebound.

The USDA reported on Thursday that soybean export sales as of January 26th are now 90.5 percent of the agency forecast versus the five year average of 85.4 percent. Soymeal sales for the current year are 63.5 percent of the agency forecast versus the five year average of 62 percent. Soybean oil sales for the current year are now 67.6 percent of the forecast versus the five year average of 55.1 percent.