Soybeans are trading with 5 to 10 cent losses on the final trade session of May as the nearbys fail to breach $12. The cmdtyView national average Cash Bean price is up 9 1/2 cents at $11.25 3/4. Soymeal futures are down $3.70 to $4.50, with Soy Oil futures 100 to 104 points higher. Crude Oil is the pressure factor, down $2.08/bbl, money is flowing out ahead of the weekend, with the President looking over the proposed agreement between the US and Iran.
USDA reported a private export sale of 192,000 MT of soybeans to unknown destinations, with 60,000 MMT for old crop and 132,000 MT for new crop.
