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Soybean futures are trading up 6-7 cents at midday, after March was up as much as 11.5 cents earlier this morning and reached the highest price posted since the day of the big drop after the January USDA reports.The Brazilian trucker strike still has some roads blocked as haulers seek better terms from the government. US export commitments as a % of total projected exports for the marketing year are now 97%. Chinese purchases from the US of 27.47 MMT are approaching the 27.6 MMT purchased from here last year.There are still 2.08 MMT of outstanding sales to China on the books to ship.National average basis is nearly 5 cents stronger than it was a month ago.
Mar 15 Soybeans are at $10.31 1/4, up 7 1/4 cents,
May 15 Soybeans are at $10.32 3/4, up 6 1/4 cents,