Soybean Futures Trading Lower

March Soybeans are trading at 1035 1/4, down 8 1/2 cents/bushel. November Soybeans are trading at 1016 1/2, down 7 1/2 cents/bushel. March Soymeal is trading at 340.1, down 1.9 $/ton. March Soybean Oil is trading at 33.05, down 0.47 cents/lb.

Soybean futures are trading lower after Thursday's decline. Chatter about Brazil's harvest of soybeans and good yields is making the rounds.

The USDA reported on Thursday that soybean export sales for the current marketing year as of February 9th are now 92.7 percent of the agency forecast versus the five year average of 87.4 percent.