CBOT soybean futures edged higher, supported by strength in soymeal and soybean oil prices as well as cross-market spreads with corn and wheat. According to the latest April USDA report, U.S. soybean export estimates were lowered by 0.35 billion bushels to 1.540 billion bushels, while crush estimates were raised by the same amount to 2.610 billion bushels, leaving ending stocks unchanged at 350 million bushels, close to market expectations. In addition, production estimates for Brazil and Argentina remained unchanged at 180 million metric tons and 48 million metric tons, respectively, while Paraguay's soybean production was slightly raised from 11.5 million metric tons to 12 million metric tons. The overall tone of this report was relatively neutral with limited impact, and U.S. soybean futures continued to trade in a range.