Soybean Futures Little Higher Ahead of USDA Data

November Soybeans are trading at 956 1/2, up 2 1/4 cents/bushel. January Soybeans are trading at 964 1/4, up 2 1/2 cents/bushel. December Soymeal is trading at 301.0 up 0.7 $/ton. December Soybean Oil is trading at 33.68, up 0.33 cents/lb. Soybean futures are trading a little higher early Wednesday morning. The U.S. Department of Agriculture (USDA) reported on Tuesday that soybean export inspections as of October 6th are now 9.6 percent of the USDA forecast versus the five year average of 9.5.percent. The USDA supply and demand report is due out 12:00 p.m. ET.