“Soybean futures are trading lower this morning thanks to losses in soybean oil,” Total Farm Marketing said. “May soybeans are down 4 cents to $11.59-1/2 while November is down 4 cents to $11.52. May soybean meal is down $1.20 to $331.50 and May soybean oil is down 0.52 cents to 68.82 cents as it follows crude lower… Brazilian soybean exports for 2026 are expected to be an all-time record at 13.6 mmt, but the total revenue is expected to fall as a result of high global supply. Projected revenue has been cut $7 bln from last month’s estimate.”