China Soybean: APM-6 assessed 6 c/bu lower at 7.5 c/bu under May

The soybean CFR China (Brazil) basis assessment for May loading was assessed 7.5 c/bu higher at a -7.5c/bu discount to the May CME soybean contract at a 10-15 discount to May and fresh offers Wednesday at an 5 c/bu discount with bids at -10-15c/bu reported by the industry. Deals were excluded because we were not able to verify what time they were done.