Soybean Highlights April 10, 2015 April 10, 2015

- Apr 10 - USDA announced 200,000 tons of US soybeans sold to unknown destinations for 2014/15 (140,000 tons) and 2015/16 (60,000 tons) shipment

- Philippines bought 115,000 tons of Argentina soymeal for July-September shipment, reportedly traded at a $30 discount to the US

- Conab raised its forecast for Brazil's 2014/15 soybean crop to 94.28 MMT from 93.26 MMT in March

- Brazil's Santos port has been unable to export 400,000 tons of soybeans and soymeal after a week-old blaze restricted truck access to much of the country's largest export hub

- Weekly US soybean export sales data for week ended Apr 2 – 325,700 tons, incl. cancellations of 176,700 tons for 2014/15 which was disappointing to traders that expected sales between -50,000-+150,000 tons and 502,400 tons for 2015/16 vs. expected 150-300,000 tons

- USDA cut its US soy inventories estimate to 370 million bushels from 385 million last month, matching analysts' expectations

- USDA's monthly crop report pegged world soybean stocks at 89.55 MMT, up from last month's estimate of 89.53 MMT. Analysts had expected an unchanged number