Soybean futures settled 3 1/2 to 5 cents lower with pressure from smaller export sales reported this morning. Soymeal was down $2.90 in the front month, with May 17 Soy oil 34 points higher. Old crop soybean export sales dropped to 211,004 MT for the week of April 13, down 47.5% wk/wk and 48.3% yr/yr. New crop sales came in at 14,000 MT, down sharply from last week. Shipments also shifted downward, at 430,973 MT.
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