In May, soybeans closed at 1462.25 cents, down 22.25 cents, with a high of 1522 cents and a low of 1506 cents.
1 1 month soybean closing 1 198 cents, down 9.25 cents, high 1307 cents, low 1288 cents.
Traders predict that if the weather is good, the soybean yield will reach 44 bushels/acre, compared with 43.3 bushels/acre last year, and the ending inventory is expected to be nearly 33,000 bushels, with an inventory utilization ratio of 9.9%. If the yield reaches a historical record of 44.7 bushels/acre, the ending inventory is expected to be nearly 387 million bushels. If the yield is the same as last year, the ending inventory will still rise to 274 million bushels.
Traders predict that the weekly soybean export sales volume will be close to100000 tons, and the new soybean export sales volume will be 450000 tons. The export sales volume of soybean meal is expected to be close to150,000 tons.
In May, soybean meal closed at $476.5/short ton, down $6.2, with a high of $456.7 and a low of $449.3.
In May, soybean oil closed at 40.85 cents per pound, down 0.55 cents, with a high of 48.5 cents and a low of 47.8 cents.