- Fast pace of US corn seeding added further support to soybeans as a quick planting of the grain means that less acreage will be switched to the oilseed

- USDA said 13% of the US soybean crop was planted as of May 3, below market expectations for 14-16% complete, but above last year's (5%) and five-year average pace (9%)

- US soybean export inspections for week, ending Apr 30, reported 172,066 MT, within trade expectations

- Threat of Argentine port strike looms ahead of record soya harvest

- Soybeans draw support from strong rally in soy oil market. Buying in soyoil accelerated after the July contract broke through technical resistance at its 100-day moving average. There were rumors that China (SinoGain) bought 120,000-180,000 MT of South American soyoil