Overnight, CBOT soybean futures closed lower at 1194.25 cents/bushel, giving up previous gains as falling crude oil prices triggered concentrated liquidation by managed funds. Due to crude oil price volatility, CBOT soybeans may repeatedly test the key 1200 cents/bushel level. On the U.S. soybean production front, for the week ending April 30, U.S. soybean export sales are estimated to see net increases of 200,000600,000 tonnes, with 200,000500,000 tonnes for the 2025/26 marketing year and 0100,000 tonnes for the 2026/27 marketing year. In South America, due to rising production costs and risks associated with the El Nio climate phenomenon, institutions indicate that Brazil's 2026/27 soybean planted area will only see modest growth.