Weekly Recap

The two front month soybean contracts straddled the fence last week. The May contract gained a penny per bushel, while the July contract lost a penny per bushel on the week. Soybean exports fell 80% overall last week, 67% for the old-crop season. This follows a 65% gain in the previous week. Total export commitments are 100% of expectations with 19 weeks to go. Given that 2014/15 export sales were just over 540…