“Today’s export inspections report saw soybean inspections within analyst trading ranges with a total of 27.5 million bushels for 25/26. About 60% of these inspections were bound for China. Total inspections for 25/26 are now at 1.182 billion bushels, which is down 25% from the previous year,” Heinberg said. “Friday’s CFTC report saw funds as sellers of soybeans as of April 14. They sold 14,479 contracts reducing their net long position to 175,151 contracts, which remains near record long. They hold a net long position in soybean oil futures and options of 148,320 contracts and are long soybean meal by 135,743 contracts.”