Soybean Futures Trading Lower

May Soybeans are trading 1001, down 5 cents/bushel. November Soybeans are trading at 996 3/4, down 5 1/2 cents/bushel. May Soymeal is trading at 328.5, down 2.4 $/ton. May Soybean Oil is trading at 32.25, up 0.13 cents/lb.

Soybeans futures are trading at the session lows.

The USDA reported on Monday that soybean export inspections for the current marketing year are now
80.6 percent of the USDA forecast versus the five year average of 82.4 percent.