Weekly Recap

Soybean values receded for the week, despite the USDA increasing both the crush and exports by 10 million bushels apiece while lowering ending stocks by 20 million bushels. NOPA crush data for April was released on Friday, which showed 150.363 million bushels crushed, down from 162 million in March but still setting a record for April. Soybean exports were down 67% at 224.6 TMT in total export sales. Old crop sales…