Soybean futures are currently 9 cents lower.

Nearby soybean meal was down $1.10/ton and soy oil was up 7 points. The USDA weekly Export Sales report showed old crop sales of 273,400 MT, below pre-report ideas of 300,000-600,000 MT. However, new crop bookings totaled 771,600 MT and were above the top end of trade ideas. After the Friday close, USDA reported April soybean crush of 171.62 million bushels, with an implied oil yield of 11.45. That was close to trade estimates.