Weekly Recap

May Soybean futures ended the week at 9.6875 per bushel, gaining 17 cents last week and reclaiming half of what they lost the prior week. Exports were up 65% for the week and total export commitments are 100% of expectations with 20 weeks to go. Given that 2014/15 export sales were just over 540 million bushels between April and the end of August 2014, it is likely that the USDA is going to have to increase…