Weekly Recap

March and May Soybean futures both dropped 11 cents for the week as Friday’s sell off sent the contract’s 18.25 and 11.5 cents lower on the day. Soybean exports fell 60% week to 198.7 TMT and were well below trade estimates that ranged from 300 to 575 TMT. Soybean export commitments are 98% of forecast with 25 weeks to go.  Cash prices remained in line with futures values, as there was little to no change in…