CFTC Commitment of Traders data indicated that in the week ending April 14, managed money reduced 14,479 contracts from their net long position in soybean futures and options, mainly due to long liquidation. This brought the net position to 175,151 contracts. In soybean meal, speculators increased their net long by 42,203 contracts to 135,743, while in soybean oil, money managers trimmed their record net long by 2,362 contracts to 148,320 contracts.

Weekly Export Sales data shows soybean export commitments at 38.15 MMT, down 18% from last year. This is 91% of the USDA forecast, lagging behind the 96% average pace. Exports stand at 31.33 MMT, which is 75% of the USDA estimate and below the 85% average pace, though shipments have recently improved.