Soybeans Move Lower

Soybean futures have moved lower Tuesday. May Soybeans are trading at 962 1/2, down 7 cents. May Soybean Oil is trading at 29.90, down 0.49. May Soymeal is trading at 322.1, down 1.6.

Chatter continues about the record harvest in the Southern Hemisphere. Market talk about protests and possible civil/political unrest in Brazil is making the rounds. Some fear it may quicken the pace of exports and pressure prices.

Chatter that cotton and corn acres will move to soybeans in part of the U.S. has led to some pressure. If corn planting is delayed it would enhance this chatter.