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Soybean futures are currently trading a penny higher after adding another 2 to 4 1/4 cents on Thursday, with Nov16 up the most. Dec16 bean meal was up another $8.50, but Dec16 bean oil futures logged their third losing session in a row on spread unwinding. USDA's weekly export sales report featured another week of sales larger than 2 MMT, and shipments were up 5% week/week and a new high for the marketing year at 2.808 MMT. Unshipped US export commitments are 26% larger than last year at this time. Bean meal sales were down significantly from the previous week, and fell short of pre-report expectations. The IGC is projecting that 2016/17 world soybean production will rise to 332 MMT, up 6% from the previous year.