Weekly Recap

May Soybean futures finished the week sharply lower despite the USDA trimming ending stocks 15 million bushels to 370 million for the 2014/15 marketing season.  Futures gave back all of the previous weeks gains and then some, dropping 34 cents per bushel to $9.52. Exports were a net reduction to sales for the week as China transferred shipments from one crop season to the next. Total export commitments are 99%…