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Soybean Futures Little Changed

July Soybeans are trading at 1025 3/4, down 1 3/4 cents/bushel. November Soybeans are trading at 1007 1/4, down 1 1/4 cents/bushel. July Soymeal is trading at 332.2, down 1.2 $/ton. July Soybean Oil is trading at 33.47, up 0.20 cents/lb. Soybean futures are trading rangebound early Friday morning after Thursday's late session slide. Market chatter about U.S. weather and some producer selling at higher prices is making the rounds. The USDA reported on Thursday that soybean export sales for the current year are now 98 percent of the USDA forecast versus the five year average of 98.3 percent. Soymeal sales are now 86.9 percent of the agency forecast for the current marketing year versus the five year average of 82.2 percent. Soybean Oil sales are now 78.8 percent versus the five year average of 72.5 percent.

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