Soybean Futures Extend Losses

May Soybeans are trading 993 1/2, down 12 1/2 cents/bushel, November Soybeans are trading at 988 1/2, down 13 3/4 cents/bushel. May Soymeal is trading at 326.7, down 4.2 $/ton. May Soybean Oil is trading at 31.85, down 0.27 cents/lb.

Soybeans futures are trading choppy and have extended the session losses.

Chatter about ample global soybean supplies is making the rounds.