Soybeans little higher

Soybean futures are trading higher Monday during early U.S trading. May Soybeans are trading at 969 1.2 up 2 3/4 cents. May Soybean Oil is trading at 30.70, up 0.10. May Soymeal is trading at 322.1, up 0.7. Market chatter about Tuesday's USDA report continues to provide an active trading environment. Some chatter is that global oilseed supplies will outpace demand is making the rounds. Talk that low oil prices is reducing demand for biofuels awhile oilseed production especially in the U.S. is rising.