Soybeans are trading with contracts down 2 to 4 cents in the front months following early session weakness. There was just one delivery issued above May soybeans overnight. The cmdtyView national average Cash Bean price is down 3 3/4 cents at $11.23. Soymeal futures are up 70 cents in the front months, with Soy Oil futures down 40 to 45 points.
Export Sales data from this morning pegged 141,940 MT of old crop soybean sales in the week of 4/30 shy of trade ideas of 200,000-500,000 MT in 2025/26 soybean sales. That was a marketing year low and down 62.32% below the same week last year. New crop sales were tallied at 5,500 MT vs. trade ideas of 0-100,000 MT.
