Soybean Futures Trading Lower

May Soybeans are trading 1005 3/4, down 5 1/4 cents/bushel. November Soybeans are trading at 998 1/2, down 6 cents/bushel. May Soymeal is trading at 326.5, down 2.0 $/ton. May Soybean Oil is trading at 32.97, down 0.14 cents/lb.

Soybeans futures are trading at the session lows.

The USDA reported on Thursday that soybean export sales as of March 2nd are now 95 percent of the agency forecast versus the five year average of 90.6 percent. Soymeal sales for the current year are 73.8 percent of the agency forecast versus the five year average of 69.9 percent. Soybean oil sales for the current year are now 77.3 percent of the forecast versus the five year average of 64 percent.