Soybeans are trading 4 to 6 cents lower following the overnight trade. They faded the earlier morning strength, as contracts were mixed but well off the highs. Futures closed with contracts anywhere from down 1 ½ to up a penny. Soymeal posted some gains, with contracts 80 cents to $3.70/ton higher.  Soy Oil was back down, with 41 to 65 point losses on the session. 

Soybean export bookings for the week that ended on April 18 are seen in a range of 300,000-600,000 MT for old crop, with 0-300,000 MT expected for new crop. The trade also estimates meal sales in a range of 100,000 to 450,000 MT in sales, with soy oil bookings at a net reduction of 5,000 to sales of 20,000 MT. 

USDA did issue a corrected report to the flash sale announcement from Friday, indicating Mexico, not unknown, was the buyer of 121,500 MT of soybeans (13,500 MT for 23/24 and 108,000 MT for 24/25). 

May 24 Soybeans  closed at $11.66, down 1 1/2 cents, currently down 4 1/2 cents

Nearby Cash  was $11.14 7/8, down 1 1/2 cents,

Jul 24 Soybeans  closed at $11.81 1/2, down 1/2 cent, currently down 5 cents

Nov 24 Soybeans  closed at $11.74 1/2, up 1/2 cent, currently down 5 1/2 cents

New Crop Cash  was $11.11 7/8, up 1/2 cent,