Weekly Recap

Soybean futures closed lower on a weekly basis for the first time in five weeks.  May futures dropped  31.750 to 10.39¼ per bushel, while July fell 31.00 to 10.48¼. Most of the price decline took place on Friday, the day after the USDA issued their monthly WASDE report.  Soybean prices fell nearly 25 cents per…