Soybean Futures Edge Up

March Soybeans are trading at 1040 3/4, up 4 3/4 cents/bushel. November Soybeans are trading at 1019, up 2 cents/bushel. March Soymeal is trading at 334.5, up 1.7 $/ton. March Soybean Oil is trading at 34.37, down 0.07 cents/lb.

Soybean futures are trading just under the session highs after showing a steady trade early in the session.

Market chatter about Southern Hemisphere weather and the upcoming USDA supply and demand report is making the rounds. The USDA World Agricultural Supply and Demand Estimates Report (WASD) is scheduled for release Thursday at 12:00 p.m. ET.