Soybeans Move Higher

Soybean futures have moved higher Tuesday morning. August Soybeans are trading at 1045, up 7 1/2 cents and November Soybeans are trading at 1037 1/4, up 8 3/4 cents. August Soymeal is trading at 361.1, up 4.4 and August Soybean Oil is trading at 32.64, down 0.10.

Market chatter about weather and crop conditions is non-stop. On Monday, the USDA reported that weekly soybean export inspections were 134,666 tons. Chatter about China easing taxes on Agriculture businesses is making the rounds. Market chatter about some sellers near 1058 for August is making the rounds.