Soybean prices firmed on Thursday after 3 straight days of declines to close 3 ½ cents higher. Weekly export sales for Soybeans were in line with expectations. The session was generally quiet opening in line with the night session and breaking early and slowly gaining strength into the close. Funds were net buyers of an estimated 1,500 Contracts of beans, bought 1,000 Oil and 1,500 meal. Volume was extremely light once again. Soybeans traded 79,098 Meal 29,800 Oil 51,347.

Opening call higher. Expectations for today’s trade to be light volume ahead of the long 3 day Labor Day Holiday weekend. Informa is expected to release production estimates this morning around 10:30 am. Trade is lookinf for lower yield and production estimates from them. Allendale projected bean production at a record 3.433 bil bu. with a yield of 44.0 bpa. Look to be a buyer of November beans at 1012 and risk a close below $10.00. Overnight Chinese Soybeans, Meal and Oil futures closed higher.

Early Opening Calls: Soybeans 5-7 cents higher, Oil .20 to .30 higher and Meal .50 to $1.00 higher.

Top News -- Informa will release their production estimates this morning, analysts believe they'll likely lower production outlook and yields -- US 2010 Corn crop was estimated at 13.147 mln bu with yield of 162.3 bu/ac, acc. to survey by Allendale. USDA estimates are 13.365 bln bu. and 165.0 bu/ac -- US 2010 Soybean crop was estimated at 3.370 bln bu with yield of 43.2 bu/ac, acc. to survey by Allendale. USDA estimates are 3.43 bln bu. and 44.0 bu/ac -- Sept. delivery of Refined Palm Oil in Malaysia was quoted @ 915.00/mt., and Sept. Palm Olein was quoted @ 925.00/mt. -- Crude Palm Oil cash markets in Malaysia traded 2,680 ringgit/mt. -- SEPTEMBER 2010 SOYBEAN FUTURES 9/2/10 : 0 contracts -- SEPTEMBER 2010 SOYBEAN OIL FUTURES 9/2/10 : 830 contracts -- SEPTEMBER 2010 SOYBEAN MEAL FUTURES 9/2/10 : 0 contracts -- Dalian May Soybean futures were up +25 @ 4,021 yuan/mt.,as May Soymeal was up +34 @ 3.017 yuan/mt. -- Dalian May Palm Oil futures were up +68 @ 7,274 yuan/mt., and May Soyoil was up +72 @ 8,102 yuan/mt. -- Malaysian Nov. Palm Oil futures traded up +28 @ 2,570 ringgit/mt., range on the day was 2,574 to 2,546. -- Liffe Nov. Rapeseed futures were up+1.25 @ 376.50 euros/mt., Feb. was up +1.25 @ 378.00 euros/mt. -- Globex Soybean Vol. 71,647; Pit Vol. 5,115; Open Interest Change: - 5,260 -- Weather: 6-10 Day Forecast: Normal to Above Temps. Normal to Below Precip. -- Outside markets: Energy Complex +0.32 at $75.34; Gold & Silver: -10.5 at $1242.7 & -0.067 at $19.605; US $ -0.151 at $82.350

Cash Markets -- CIF Soybeans steady up 8. Sept. +61 to +69, Oct. +69 to +74, Nov. +77 to +80, Dec. +76 to +80, Jan. +76 to +80, Feb. +70 to +80