Weekly Recap

May Soybean futures moved lower for the fourth consecutive week, falling 7 cents per bushel. Friday’s trading activity tipped the scales lower for the week as prices dropped fractionally more then 7 cents per bushel. Soybean export sales rocketed higher, more than doubling as they moved from 347 TMT to 726 TMT. Soybean export commitments are 100% of forecast with 23 weeks to go, which is well above the five-year…