Soybeans Fall Lower on Tuesday

Market Overview - Soybean contracts experienced a decline, with prices down 2 3/4 to 8 ½ cents across the board, and the national average cash bean price decreased by 1 3/4 cents to $10.78 1/2 [1] - Soymeal futures fell between $2.00 to $4.20, while Soy Oil futures increased by 15 to 45 points [1] - Crude oil closed up 26 cents amid reports of a potential one-month ceasefire in the Middle East conflict [1] Import and Export Data - EU soybean imports reached 8.92 million metric tons (MMT) as of March 22 since July 1, a decrease from 10.002 MMT during the same period last year [3] - Brazilian March soybean export estimates are at 15.87 MMT, down 0.45 MMT from the previous week [3] Future Expectations - The Environmental Protection Agency (EPA) is anticipated to release the Renewable Volume Obligation (RVO) number later this week, which is expected to add some premium back into the bean oil market [2]